Translation

延期 / 猶予 / 繰り延べ

Meaning

Deferment is an official delay or postponement of an obligation, payment, service, or decision. It is usually approved by an authority, not just a casual delay. The trap is confusing deferment with deference, which means respectful yielding.

Examples

• 彼女は学費ローンの返済猶予を申請しました。
  She applied for a deferment of her student loan payments.
• 委員会はその決定の延期を認めました。
  The committee approved a deferment of the decision.