Definitions

1. noun

the act of delaying or postponing something, especially a payment or decision

“The company was granted a deferral on the loan repayment to give it more time to recover.”

2. noun

a delay or postponement of something, especially a payment or decision

“The deferral of the tax payment gave the business a much-needed financial break.”

3. noun

a temporary suspension of a payment or service

“The cable company offered a deferral on the subscription fee due to the ongoing outage.”