deferral
nounUK /dɪˈfɜːrəl/
US /dɪˈfɜːrəl/
A deferral is when you put something off until later.
The school gave him a deferral so he could start next year.
OTHER MEANINGS
2. An official permission to pay money later than the usual time.
The bank offered a three-month deferral on the loan payments.
3. A decision to delay someone's required service, such as military duty.
He received a deferral from service to finish his studies.
4. The act of handing a task or decision to someone else.
The committee's deferral of the final choice annoyed the staff.