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deferment /dɪˈfɚmənt/  

  • noun
    plural -ments
    the act of allowing something to be delayed or deferred: such as
    official permission to pay for something at a later time [count]
    She requested a six-month deferment on her loan. [noncount]
    She requested deferment of her loan.
    official permission to do required military service at a later time [count]
    a draft deferment
    the policies of military deferment