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Simple English definitions for legal terms
moratory
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A quick definition of moratory:
Term: Moratory
Definition: Moratory means delaying something, especially when it comes to a moratorium. A moratorium is when a decision is made to stop or delay something for a certain period of time. So, moratory is all about waiting or postponing something for a while.
A more thorough explanation:
Term: MoratoryDefinition: When something is moratory, it means that there is a delay or a pause. This can be especially related to a moratorium, which is when something is temporarily stopped or put on hold.
Examples: The government announced a moratory on evictions during the pandemic, which meant that landlords could not kick out tenants who were struggling to pay rent. Another example could be a moratory on new construction projects in a city, which would delay any new buildings from being built until the moratorium is lifted. These examples show how a moratory can be used to temporarily stop or delay something.