AskDefine | Define postponement

Dictionary Definition

postponement

Noun

1 time during which some action is awaited; "instant replay caused too long a delay"; "he ordered a hold in the action" [syn: delay, hold, time lag, wait]
2 act of putting off to a future time [syn: deferment, deferral]

User Contributed Dictionary

English

Noun

postponement (Plural: postponements)
  1. A delay, as a formal delay in a proceeding.
    The lawyer asked for a postponement in the trial so he could spend more time preparing before it began.

Extensive Definition

Postponement is a business strategy that maximizes possible benefit and minimizes risk by delaying further investment into a product or service until the last possible moment. An example of this strategy is Dell Computers' build-to-order online store. Postponent is mentioned in Thomas Friedman's book, The World is Flat.

References

Marty Wilson
postponement in German: Postponement
postponement in Portuguese: Postponement
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