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deferment
[dih-fur-muhnt]
deferment
/ dɪˈfɜːmənt, dɪˈfɜːrəl /
noun
the act of deferring or putting off until another time; postponement
Word History and Origins
Origin of deferment1
Example Sentences
It’s the reason so many student-loan borrowers find themselves trapped in cycles of deferment, forbearance or minimum payments that allow balances to balloon rather than shrink.
I got a medical deferment — and not for bone spurs.
In South Korea, all able-bodied men are required to serve 18 months of military service, although rare exceptions are made - and deferments are sometimes granted.
If necessary, you can also look into deferment and forbearance options.
But because borrowers with federal loans can choose from forbearance, deferment or income-driven repayment, it’s that much more challenging to prove undue hardship.
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