meaning of the word deferral
The longer you hold the asset and the higher the interest rate, the more the deferral is worth. The group asked its 100 creditor banks for a two-year deferral of up to $1 billion of debt repayments. A deferral is a transaction that will be recognized in a later accounting period. Word family deferral deferred These words come from the verb defer, which means 'to make something happen at a later time than originally planned'.