The Collaborative International Dictionary of English v.0.48:

Moratory \Mor"a*to*ry\, a. [L. moratorius delaying, fr. morari
   to delay.]
   Of or pertaining to delay; esp., designating a law passed, as
   in a time of financial panic, to postpone or delay for a
   period the time at which notes, bills of exchange, and other
   obligations, shall mature or become due.
   [Webster 1913 Suppl.]