Deferment

Deferment refers to the act of postponing or delaying something, typically an obligation, service, or payment, to a later time. It is often granted when someone is unable to fulfill their commitment at the originally scheduled time due to specific circumstances, such as illness, financial hardship, or educational pursuits. A Deferment provides temporary relief from a responsibility, allowing the individual to address the obstacles hindering their ability to comply and then fulfill the obligation at a later date. The granted Deferment may include details like the new due date, and it also may involve some type of conditional terms that must be met to maintain its status.

Deferment meaning with examples

• Due to a sudden illness, John applied for a student loan Deferment, allowing him to postpone his repayment schedule until he recovered and could return to work. The bank approved it, so he could concentrate on his health without financial stress.
• With the birth of their first child, Sarah requested a Deferment on her jury duty. The court, understanding the demands of new parenthood, granted her request, postponing her service until a more convenient period for her and her family.
• Facing unexpected business setbacks, the company requested a tax Deferment from the government. This granted them temporary relief from immediate tax obligations, enabling them to stabilize their finances and continue operations.
• Many students, including Maya, applied for draft Deferment during the war. Their educational pursuits offered them a temporary exemption from military service, though the details and terms varied depending on circumstances.
• A soldier with medical needs requested a Deferment from his active service to heal. Military medical officials granted his request, allowing him to focus on his health and return to his duty later.
• Due to a recent financial crisis, my friend requested a Deferment of a student loan to keep him afloat in these uncertain times. The school, understanding the financial hardship, granted the extension.
• Many students applied for a tuition Deferment due to the lack of funds available in the last year of college. With the help of the school, most students got the deferment.
• A wealthy man requested the Deferment of a service contract to avoid a public controversy. It was granted after the contractor accepted it.
• A large organization offered a Deferment of an official rule for all employees, in order to keep working during hard times. Many signed up and received the temporary break.
• An official requested a Deferment of a public speech after a controversy occurred. He was looking for time to think.
• After losing his job, Joe requested a Deferment of a monthly bill for his electricity. With the help of the power company, he had an extension to pay off later.