IPA: /dɪˈfɜːrəl/
KK: /dɪˈfɜrəl/
The action of postponing something to a later time.
The company announced a deferral of the project deadline.
Deferral → It is formed from "de-" (meaning down or away) and "ferre" (meaning to carry or bring). The word "deferral" means the act of carrying something away to a later time, or postponing it.
Think of 'carrying away' ('ferre') something to a later time ('de-') — that's why deferral means to postpone.