Definition
Deferral is the act of delaying a payment or obligation to a later date.
Why It Matters
Deferrals can provide temporary financial relief.
Example
Postponing student loan payments during hardship.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Deferral is the act of delaying a payment or obligation to a later date.
Deferrals can provide temporary financial relief.
Postponing student loan payments during hardship.