/ˌmɔːrəˈtɔːriəm/ – Noun
Definition: Sự tạm ngừng hoặc giới hạn một hoạt động hoặc quyền lợi theo quy định pháp lý.
A more thorough explanation: 1. a temporary stopping of an activity, especially by official agreement
2. legally binding halt on the right to collect debt
Example: 1. The President of Kyrgyzstan has signed a degree prolonging a moratorium on the death penalty.
2. The directors applied for a moratorium to protect the company from its creditors during administration.