Deferment

from WordNet (r) 3.0 (2006)

deferment
    n 1: act of putting off to a future time [syn: {postponement},
         {deferment}, {deferral}]

from The Collaborative International Dictionary of English v.0.48

Deferment \De*fer"ment\, n. [See 1st {Defer}.]
   The act of delaying; postponement. [R.]
   [1913 Webster]

         My grief, joined with the instant business,
         Begs a deferment.                        --Suckling.
   [1913 Webster]