Lesson60 seconds
What is Moratorium?
A temporary pause on payments allowed by the lender.
Step 1 of 9
Simple Definition
A moratorium is a sanctioned period when the borrower may defer EMIs; interest may still accrue as per terms.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next