moratory in a sentence

Definition

Moratory refers to a temporary suspension or delay of an action or obligation, often related to financial or contractual commitments.

The committee decided to impose a moratory period on the project's progress while they reviewed the funding options.
In light of the economic crisis, the government announced a moratory on loan repayments for struggling businesses.
The moratory on new construction permits allowed the city to reassess its urban development strategy.
After much debate, the board voted for a moratory on new policies until further studies could be conducted.
Residents expressed concern over the moratory on development, fearing it would stall local job growth.