Moratorium (law)

Moratorium: A legalised process announced by Royal Proclamation by which the acceptors of bills of exchange are absolved from meeting them when they become due, during the terms of moratorium. On the suspension of the London Stock Exchange, due to the Declaration of War, a short Act of Parliament was put through with the design of affording substantial relief in regard to a great number of financial obligations.

1914

 * - Proclamation in the London Gazette of partial moratorium (postponement for one month of payment on bills of exchange, other than cheques).
 * - Impending end announced.