Deferment Period: A period of time where payments on loaned money are postponed or deferred until a future date. This period can be used to a borrower’s advantage, as it supports them in making strategic decisions with regards to their financial situation. By extending the timeframe of repayment, borrowers can minimize their total cost of borrowing and take advantage of the current market conditions. Deferment periods come in a variety of lengths and can be tailored to meet the needs of the borrower.