The Collaborative International Dictionary
Moratory
Moratory \Mor"a*to*ry\, a. [L. moratorius delaying, fr. morari to delay.] Of or pertaining to delay; esp., designating a law passed, as in a time of financial panic, to postpone or delay for a period the time at which notes, bills of exchange, and other obligations, shall mature or become due.
Wiktionary
moratory
a. (context legal finance English) Pertaining to delay of payment or fulfilment of an obligation.