1. relating to or involving a delay or postponement, especially of payment or legal action
Usage: legal; formal

Examples

• The court granted a moratory period for debt repayment.
• The government declared a moratory measure on foreclosures.
• Banks offered moratory relief to struggling borrowers.
• The moratory legislation provided temporary protection for tenants.
• A moratory order suspended all collection activities.
• The company requested moratory terms from its creditors.