Definition

Relating to a delay or postponement, especially in payment or obligation.

Example

The moratory period allowed the company extra time to settle its debts without penalties.

Conversation

Have you heard about the new moratory period for loan payments?

Yeah, it's a relief for a lot of people right now.

I think it really helps those struggling financially.

Absolutely, it gives them a chance to catch up without stress.

Synonyms & Antonyms

Root Explanation

Moratory → It is formed from "morari" (meaning to delay) and the suffix "-ory" (meaning relating to or characterized by). The word "moratory" refers to something that is related to or characterized by delay.

Memory Tip

Think of 'morari' which means to delay, and remember that 'moratory' describes something that is related to delay.

Visually Confused Words