The term 'Schedule for Later' can be summarized by the crossword solution DEFER, which is a five-letter word. Deferring something means to delay or postpone it until a later time. This can be done for a variety of reasons, such as when a person needs more time to complete a task or when a situation requires more attention before a decision can be made. Deferring can also be used to prioritize tasks, allowing a person to focus on the most important items first.