payment deferral
Bill due later
A payment deferral is an arrangement allowing someone to postpone scheduled payments without penalty.
Lenders may offer deferrals during financial hardship, moving missed payments to the end of a loan term: She requested a payment deferral after losing her job.
The debt isn't forgiven—just delayed.
- postponementDelaying to later
- delayEnforced waiting period
- forbearancePatient self-control, delayed enforcement
- moratoriumTemporary prohibition or delay
- grace periodAllowed delay before consequences
extension · reprieve · buy some time · kick the can · installment · loan · mortgage · hardship · financial hardship · relief · suspend · arrears · creditor · deadline · overdue · late fee · breathing room · leniency
- Deferrals
- debtdebt, creditor, owe, debtor, lender
- mortgage reliefloan modification, loan restructuring, forbearance, mortgage assistance, mortgage relief
- restructuringrestructuring, reorganization, consolidation, turnaround, Chapter 11
- delaysdelays, delay, delayed, postponement, postpone
- creditcredit card, credit score, credit limit, credit cards, credit scores
payment deferralupfront payment
Initial sum before delivery
prepayment · advance payment · cash on delivery · early payment · lump sum payment
payment deferraldebt forgiveness
Cancellation of amounts owed
debt cancellation · loan forgiveness · debt relief · write-off · debt settlement
payment, deferral, defer, paying, payable, payer, payee, repayment, defers