deferments
Pronunciation: [dɪˈfɜr mənts]
Word
Context: "finance"
(noun) a deferment is a delay in payment or a postponement of something that was supposed to happen. It's like when you ask to pay for something later instead of right now.
Example
The bank granted her a deferment on her loan payments for six months.
Example
He didn’t receive any deferments and had to pay immediately.
Example
How long can I get a deferment on my student loan?
Context: "education"
(noun) a deferment can also mean delaying the start of a course or program. If a student decides to wait before beginning their studies, that's a deferment.
Example
She applied for a deferment to start her college course next year instead of this year.
Example
He wanted a deferment, but the school said he had to start right away.
Example
Is it possible to get a deferment for my enrollment in the program?
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