moratory
Of or pertaining to moratorium; delaying: as, a moratory bill.
nounOne who postpones the maturity of notes, bills of exchange, and the like.
adjectiveOf 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.
adjectivePertaining to delay of payment or fulfilment of an obligation, as in “moratory interest”.
