New Delhi, Feb. 25 -- Today's word, Moratorium, is a noun that describes a temporary suspension of an activity or legal obligation. It is widely used in finance, law, public policy and corporate regulation.

The moratorium meaning refers to an officially-authorised pause or delay in enforcing a law, payment or activity. In simple terms, the moratorium definition describes a temporary stop, not a permanent cancellation. In modern English, it is commonly used in banking, governance, and crisis management.

You may have heard of it during the COVID-19 pandemic, when the RBI allowed a moratorium for EMIs and loans due to the economic crisis.

Moratorium Pronunciation and Phonetics

* Phonetic Spelling: mor-uh-TOR-ee-um

* IPA Notation: /ˌ...