Definition of moratory in English:

moratory

Pronunciation /ˈmɒrət(ə)ri/

adjective

Law
  • Of, relating to, or authorizing a delay in the payment of a debt or in the performance of a legal obligation.

Origin

Late 19th century. From classical Latin morātōrius causing delay (late 2nd century a.d. in legal texts; from morāt-, past participial stem of morārī to delay + -ōrius), in specific use in English use probably after French moratoire.