noun
moratorium; grace period; temporary suspension
Used for official or legal temporary halts, such as debt repayment freezes, nuclear test bans, or other formal suspensions.
政府は借金の返済にモラトリアムを認めた。
The government granted a moratorium on debt repayment.
核実験のモラトリアムが
A moratorium on nuclear testing was declared.
noun
postponement of adulthood; emotional immaturity; extended adolescence
Psychological or sociological term describing a young person's delay in taking on adult social responsibilities; often used in the phrase モラトリアム人間.
See also: モラトリアム人間 (モラトリアムにんげん)
彼はいつまでもモラトリアム人間で、就職しようとしない。
He remains a 'moratorium person,' never trying to get a job.
大学生のうちはモラトリアムの期間だと言われることもある。
It is sometimes said that the university years are a moratorium period.