How to use moratory in a sentence? Find typical usage patterns (collocations)/phrases/context for "moratory" and check conjugation/comparative form for "moratory". Mastering all the usages of "moratory" from sentence examples published by news publications.
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. Their international validity was discussed at length, and was upheld in the English law case Rouquette v Overman (1875) LR 10 QB. Debt moratoriums are generally opposed by creditors.
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By 1934, the farm debt problem in Canada, which had been provoked by the Great Depression, reached a scale where provincial moratory legislation could not resolve it, as it could not remove the farmer from his position of default. The last agricultural census reported that 244,201 farms (33.61% of all farms in Canada) reported having mortgages totalling $677,000,000 (16.75% of the value of all farms, or 49% of the value of owned farms). Cash flow problems also resulted in a significant increase in the amount of short-term obligations. It reached the point where Prime Minister R.B. Bennett decided to introduce remedial legislation to address it at the federal level.
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He took a role in the process of liberalization of telecommunications in Spain, promoting the 1991–2001 National Plan of Telecommunications (PNT); in 1993, Borrell threatened nonetheless the European Commission with blocking the liberalization unless the concession of a moratory Spain was given, as Borrell deemed imperative to achieve first the universalization of service before the complete liberalization. Following the 1993 general election, Borrell continued with a seat at the Council of Ministers, assuming the portfolio of Minister of Public Works, Transports and Environment in the last government presided by Felipe González. He left the office after the arrival to power of the People's Party in 1996, remaining as an MP for Barcelona in the Spanish Congress.
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