deferral Definition
- 1the act of delaying or postponing something
- 2an arrangement to defer payment of a debt or an obligation
Using deferral: Examples
Take a moment to familiarize yourself with how "deferral" can be used in various situations through the following examples!
Example
The deferral of the project was necessary due to budget constraints.
Example
The company offered a deferral of payment for six months.
Example
The student requested a deferral of their enrollment until the following semester.
deferral Synonyms and Antonyms
Synonyms for deferral
Antonyms for deferral
Phrases with deferral
an arrangement in which a taxpayer can delay paying taxes on income earned until a later date, often used to reduce tax liability
Example
The company offered employees a tax deferral program for their retirement savings.
an agreement between a borrower and lender to postpone payment of a loan or debt until a later date
Example
The bank granted a payment deferral to the homeowner who was struggling to make mortgage payments.
an arrangement in which a student can delay their enrollment in a college or university until a later date
Example
The student requested an enrollment deferral due to personal reasons.
Origins of deferral
from Old French 'differer', meaning 'to differ'
Summary: deferral in Brief
Deferral [dih-fur-uhl] refers to the act of delaying or postponing something, such as a project or payment. It can also refer to an arrangement to defer payment of a debt or obligation. Examples include 'The deferral of the project was necessary due to budget constraints.' and 'The company offered a deferral of payment for six months.' Phrases include 'tax deferral,' 'payment deferral,' and 'enrollment deferral.'
