deferral

Vocabulary Word

Definition

'Deferral' is a slightly formal term that's used when you choose to put something off to a later time or date. For example, you can defer a meeting if you're not ready yet, or defer a decision until much info is available.

Examples in Different Contexts

In financial planning, 'deferral' can involve delaying a payment or recognition of revenue. A CFO might articulate, 'Due to cash flow challenges, we're considering a deferral of some capital expenditures.'

Practice Scenarios

Business

Scenario:

Given our current financial status, I think it might be beneficial to reevaluate our budget allocations for the upcoming projects.

Response:

Maybe we can consider a deferral on some project budgets until the next quarter, to balance our financials.

Tech

Scenario:

There seem to be a few unforeseen glitches with the latest system update that need to be addressed urgently.

Response:

I agree. It might be prudent to defer the upcoming update until we have resolved these glitches.