Deferment
/dɪˈfɜːrmənt/
Definitions
- (n.) The official postponement or delay of an obligation, typically the payment of a debt or the performance of a duty, allowed by legal authority.
The student received a deferment on loan payments due to financial hardship.
Related terms
Commentary
Deferment often arises in contexts such as student loans, taxes, or military service; precise terms vary depending on statutory or contractual frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.