noun
payment moratorium; extension on payment; respite for payment
Financial term for a formal suspension or extension of payment obligations, often used in legal or business contexts.
会社は取引先に支払猶予を申し入れた。
The company requested a payment moratorium from its business partner.
支払猶予期間中は利息が発生しない場合がある。
Interest may not accrue during the payment moratorium period.