Deferral
/dɪˈfɛrəl/
Definitions
- (n.) The act of postponing or delaying an obligation, decision, or payment to a later time.
The court granted a deferral of the tax payment deadline.
Forms
- deferrals
Related terms
See also
Commentary
Commonly used in legal and financial contexts to indicate authorized delays; clarity on duration is advisable in contracts.
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.