This is the 5373rd most frequent Russian word.
отсрочки
"Отсрочки" means "deferrals" or "postponements" in English.
The word 'отсрочка' is used here to mean a postponement or delay of an obligation, specifically payment in this context.
Он попросил отсрочку платежа.
He requested a deferral of payment.
In this sentence, 'отсрочка' refers to an allowance of additional time before fulfilling a commitment, in this case, a debt-related extension.
Кредиторы предоставили ему отсрочку на три месяца.
The creditors granted him a three-month extension.
Here, 'отсрочка' denotes a delay in the progress or initiation of an event, affecting subsequent scheduling.