choice vs deferral

choice

• One selection or preference; that which is chosen or decided; the outcome of a decision. 

• Anything that can be chosen. 

• The power to choose. 

• Do I have a choice of what color to paint it? 

• An option; a decision; an opportunity to choose or select something. 

• The best or most preferable part. 

• Especially good or preferred. 

• Cool; excellent. 

deferral

• An accrual. 

• An act of deferring, a deferment. 

• A prepayment.