to put off (a payment, a decision, etc.) to a later time.
Deferred matriculation. You need to request deferral if you may not be attending the college along with the rest of your batch, e.g. due to NS or work/traveling plans for the next year. Deferred to Regular Decision. If you apply Early Decision and the admissions committee is not sure whether to accept you, they will defer their decision until they see the rest of their candidates in the Regular Decision pool. If this happens to you, see wait-list for how you can improve your chances.
hold back to a later time; "let's postpone the exam"
A school can defer a decision about an applicant, if the school is undecided about the application, until a later admissions cycle or until more information is available. An applicant can also seek to defer attendance. Deferrals up to one year are granted easily by some schools, less easily by others. Deferrals of over one year are seldom granted.
Postpone entry to the University. The term 'deferring' is used at the pre-admission stage.
(1) delay or postpone, as in: We can defer the charges one month. (2) yield out of respect, as in: I defer to my colleague's greater experience in this field.