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.

Timeline of events (from source material contemporary with the Great War from a British perspective).

1914

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

References

Sources: Various material contemporary with the war have been used to compile  The Great War On This Day and its associated Compendium.

On This Day pages are styled as timelines and have been transcribed from two out-of-copyright sources: Chronology of the War (1918-1920), and History of the Great War – Principle Events 1914-1918 (1922). The spelling of place-names is a particularly convoluted subject. Some names were spelt differently depending on source, others have changed over time for various political or geographical reasons. In general, spelling of place names are original to British use at the time of, and shortly after, the war. Some typos have been altered or corrected for consistency. Similar events between these sources have been amalgamated; as a result the date and wording may differ to their original texts.

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Compendium entries form the central hub of (a) An index-like collection of places, people, ships, battles, political events, etc., and (b) Words and phrases of the Armed Forces of Great Britain during the Great War. The majority of these have been transcribed from Chronology of the War (1918-1920) and Soldier and Sailor Words and Phrases (1925) respectively, the later which is reflected in the language used and some may seem derogatory by today's standards.

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Images come from scans or photographs of original sources, Wikimedia Commons, and the Imperial War Museum's online collections under the IWM Non-Commercial Licence. Attribution is given separately to the latter and does not come under the general licence of this site. Please be aware that some images, although very few, may depict distressing scenes.

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Advisory note: The information in these sources may not accurately represent updated histories, present-day spellings, or geographical borders. It is also written from a British perspective, and words such as "enemy" are used extensively. For further details and a full list of sources, click here.

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The above term is listed in our Compendium of the Great War.

This compendium forms the central hub of words, phrases, people, and places relative to the Great War period of 1914–1918. These also include battles, political events, ships, trench slang, British and American service terms and expressions in everyday use, nicknames, sobriquets, the titles of British and Commonwealth Regiments and their origins, and also warfare in general. These words and phrases are contemporary with the war, which is reflected in the language used, some of which may seem derogatory by today's standards. Feel free to expand upon and improve this content.

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