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.[1]
Chronological events
Source: Lord Edward Gleichen (1918–1920). Chronology of the War. Volumes I, II & III. Constable & Company, London. (Copyright expired)
1914
References/notes
- ↑ Various contributors (1914). The War Book-of-Facts. 2nd Edition. A.W. Shaw Company, London p.143.
Glossary of words and phrases
The above term is listed in our glossary of words and phrases of the Armed Forces of Great Britain during the Great War. Included are trench slang, service terms, expressions in everyday use, nicknames, the titles and origins of British and Commonwealth Regiments, and warfare in general. These words and phrases are contemporary to the war, which is reflected in the language used. They have been transcribed from three primary sources (see Contents). Feel free to expand upon and improve this content.
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