concept   moratorium
culture   India
statement   In India, a moratorium refers to temporary suspension of debt payments or cessation of traditional activities during festivals or planting seasons.

2 similar statements
# Concept Culture Statement Freq.
1 moratorium India In agricultural communities, a moratorium may be observed during major festivals or planting seasons, during which certain activities or work may be temporarily suspended. 1
2 moratorium India In India, a moratorium may also refer to a temporary suspension of debt payments by individuals or businesses, often imposed by financial institutions or regulators. 1