deferral
noun /dɪˈfɜːrəl/
  /dɪˈfɜːrəl/
(also deferment 
 [uncountable, countable] (formal) /dɪˈfɜːmənt/
  /dɪˈfɜːrmənt/
)- the action of delaying something until a later time- The request for a deferral of the inquiry was refused.
- Some students were granted a deferment of payment of tuition fees.