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A debt moratorium is a delay in the payment of debts or obligations.The term is generally used to refer to acts by national governments. Moratory laws are usually passed at times of special political or commercial stress: for instance, on several occasions during the Franco-Prussian War, the French government passed moratory laws.
A moratorium is a delay or suspension of an activity or a law. In a legal context, it may refer to the temporary suspension of a law to allow a legal challenge to be carried out. For example, animal rights activists and conservation authorities may request fishing or hunting moratoria to protect endangered or threatened animal species.
One example of this is the California fire insurance moratorium. During and following a wildfire, California may issue a one-year moratorium on nonrenewals for property policies in specific ZIP codes.
In December 2020, the New York State Legislature passed a state moratorium on evictions. [11] In May 2021, the legislature extended the moratorium until August 31. [12]The Supreme Court struck down a provision of the state moratorium that protected people who filed a form declaring economic hardship, rather than providing evidence in court.
Russia then imposed a moratorium on its own development of missiles previously banned by the INF treaty - ground-based ballistic and cruise missiles with ranges of 500 km to 5,500 km (310 miles to ...
President Biden announced Monday that he had commuted the sentences of 37 of the 40 current federal death row inmates to life in prison without the possibility of parole.
The Moratorium to End the War in Vietnam was a massive demonstration and teach-in across the United States against the United States involvement in the Vietnam War.It took place on October 15, 1969, [1] followed a month later, on November 15, 1969, by a large Moratorium March in Washington, D.C.
In addition to directing the town attorney to draft a moratorium, the Select Board also scheduled a public hearing on the matter for Tuesday, April 16, at the Wells Town Hall at 6 p.m.