Identity moratorium is a term used in psychology to describe a stage in which an individual is actively exploring different identities and options but has not yet made a commitment to any specific one. This phase often occurs during adolescence, as young people experiment with various roles, beliefs, and values to better understand themselves. During identity moratorium, individuals may try out different lifestyles, ideologies, or career paths. This exploration is crucial for personal development, as it allows them to reflect on their experiences and ultimately make informed choices about their identity, leading to a more defined sense of self in the future.