Word forms: (regular plural) deferrals
nounWord familydeferraldeferredThese words come from the verb defer, which means 'to make something happen at a later time than originally planned'. (Accounting: Financial statements) A deferral is a transaction that will be recognized in a later accounting period. ⇒ The longer you hold the asset and the higher the interest rate, the more the deferral is worth. ⇒ The group asked its 100 creditor banks for a two-year deferral of up to $1 billion of debt repayments. ⇒ A deferral is a transaction that will be recognized in a later accounting period.
Collins English Dictionary. Copyright © Harper Collins Publishers