1A postponement or deferment of something (such as a deadline, payment, or action); a temporary extension.
会社は支払いの猶予を1か月与えた。
The company granted a one-month deferment for the payment.
裁判所は被告に執行猶予を認めた。
The court granted the defendant a suspended sentence (deferment of execution).
申請書を出せば、税金の納付を猶予してもらえる場合がある。
If you submit an application, you may be granted a deferment for paying taxes.