Deferral, or postponement, refers to the act of delaying an action or decision to a later time. This can occur in various contexts, such as finance, where payments or obligations are postponed, or in project management, where deadlines are extended. The purpose of deferral is often to allow for more time to gather information, resources, or to reassess circumstances. In education, deferral may involve postponing enrollment or admission to a program, allowing students to take time off for personal reasons or to improve their qualifications. This practice can help individuals make more informed choices about their future, ensuring they are better prepared when they eventually proceed with their plans.