moratorio

moratory

adjective moh-rah-TOH-ryoh Rare

Origin: Late Latin moratorius, from mora (delay)

Also means

relating to delay of payment

Usage Note

Moratorio is a legal adjective describing something relating to a delay or deferment of a legal or financial obligation. The most common collocation is interessi moratori (default interest — interest accruing because a payment was made late). A patto moratorio is an agreement to defer an obligation. The related noun is moratoria (moratorium).

Examples

"Sono dovuti gli interessi moratori dalla data di scadenza."

Natural Translation

Default interest is owed from the due date.

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