Words / P / Law

postponement

/pəʊstˈpəʊnmənt/

A2CEFR level
45/100Rarity: uncommon
TechnicalRegister

Law noun

The subordination of one creditor's claim behind another's in order of payment.

The shareholder loan was subject to a deed of postponement behind the bank facility.

Similar: subordination

Topic: Corporate law in Legal English

Business noun

Deliberately delaying final product configuration or assembly until customer demand is known, so inventory risk shrinks.

We paint the units only after orders land, so postponement keeps us from betting on the wrong color mix.

Similar: delayed differentiation, late-stage customization

Topic: Operations in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law