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 publishing, a 'deferral' might be used when a book's release date is pushed back. An editor might mention, 'Due to some final edits, we're planning a deferral for the book launch.'

Practice Scenarios

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.

Accounting

Scenario:

We have overshot our expenses for this quarter. We should look into ways to control our budget.

Response:

What about a deferral in recognizing some expenditures? That might help us achieve a better fiscal report for this quarter.