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deferment

From Longman Business Dictionarydefermentde‧fer‧ment /dɪˈfɜːmənt-ɜːr-/ (also deferral /dɪˈfɜːrəl/) noun [countable, uncountable]COMMERCETAXFINANCE the act of delaying something, or the period of the delay itselfThe bank accepted a deferment of interest payments.
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