Source : Webster's Revised Unabridged Dictionary (1913)

Deferment \De*fer"ment\, n. [See 1st {Defer}.]
   The act of delaying; postponement. [R.]

         My grief, joined with the instant business, Begs a
         deferment.                               --Suckling.

Source : WordNet®

deferment
     n : act of putting off to a future time [syn: {postponement}, {deferral}]