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  2. Dictionary

    de·fer
    [dəˈfər]
    verb
    defer (verb) · defers (third person present) · deferred (past tense) · deferred (past participle) · deferring (present participle)
    1. put off (an action or event) to a later time; postpone:
      "they deferred the decision until February"
      • US ENGLISH
        historical
        postpone the conscription of (someone):
        "he was no longer deferred from the draft"
    Origin
    late Middle English (also in the sense ‘put on one side’): from Old French differer ‘defer or differ’, from Latin differre, from dis- ‘apart’ + ferre ‘bring, carry’. Compare with defer and differ.
    de·fer
    [dəˈfər]
    verb
    (defer to)
    defer (verb) · defers (third person present) · deferred (past tense) · deferred (past participle) · deferring (present participle)
    1. submit humbly to (a person or a person's wishes or qualities):
      "he deferred to Tim's superior knowledge"
    Origin
    late Middle English: from Old French deferer, from Latin deferre ‘carry away, refer (a matter)’, from de- ‘away from’ + ferre ‘bring, carry’. Compare with defer.
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  3. In business, "defer" refers to12:
    • Accounting for prepaid expenses or early receipt of income. It means paying for a service or product that hasn't been received yet or getting paid for an item that has not been delivered.
    • Delaying something until a later time or date. For example, deferring a decision on future defense spending cuts.
    Learn more:
    A deferral accounts for expenses that have been prepaid, or early receipt of revenues. In other words, it is payment made or payment received for products or services not yet provided. Deferrals allows the expense or revenue to be later reflected on the financial statements in the same time period the product or service was delivered.
    www.freshbooks.com/hub/accounting/deferral
    A deferral is used to account for prepaid expenses or early receipt of income. This means paying for a service or product which hasn't been received yet or getting paid for an item which has not been delivered as yet.
    www.deskera.com/blog/deferral/
     
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