deferral
- 01 C1 Advanced
the act of delaying something until a later date.
the act of delaying or postponing an event, decision, or obligation.
Simple“The student requested a deferral of her university place until next year.”
In context“The board granted a one-year deferral of the project, citing the need for further environmental impact assessments before breaking ground.”
UsageOften followed by the preposition 'of'.
SynonymsAntonyms - 02 C1 Advanced
putting off the payment of a tax or debt until a future time.
the postponement of a tax liability or the recognition of revenue or expenses to a future accounting period.
Simple“The government offered a tax deferral to help small businesses during the crisis.”
In context“Under the new regulations, corporations may apply for a deferral of capital gains tax if the proceeds are reinvested in qualifying assets.”
UsageCommonly used in the phrases 'tax deferral' or 'payment deferral'.
Synonyms
From defer + -al, formed in English with a doubled r to keep the pronunciation of defer clear, early 19th century.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.