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Simple English definitions for legal terms
deferment
Read a random definition: deemed transferor
A quick definition of deferment:
Deferment means delaying something. It can be used in different situations. For example, in the military, it means delaying serving in the military or delaying a punishment until it is approved. In taxes, it means postponing paying taxes until a later time, like when you withdraw money from an IRA.
A more thorough explanation:
Definition: Deferment refers to the act of delaying or postponing something.
Example 1: A judicial decision can be deferred, which means that the decision is delayed until a later time.
Example 2: In military law, deferment refers to a delay in serving in the military or a delay in serving confinement that results from a court-martial until the sentence has been approved and its execution has been ordered. The convening authority may grant a deferment.
Example 3: Deferral of taxes is another example of deferment. This refers to the postponement of paying a tax from one year to another, as by contributing money to an IRA, for which earnings and contributions will be taxed only when the money is withdrawn.
The examples illustrate that deferment involves delaying or postponing something, whether it is a judicial decision, military service, or tax payments.