A repayment holiday is a period during which a borrower is not required to make loan payments. This can be a benefit offered by lenders to borrowers who are experiencing financial difficulties or need temporary relief from their loan payments

Example:
Raul borrowed money to buy a new bike from a lender. But after some time he lost his job and had no income to repay the loan. So the lender gave him sometime in which is is not supposed to repay the loan amount but the interest will continue to accumulate