In the excerpt, the word "postponement" refers to the act of delaying or putting off something. The words that provide the context clue for the meaning of postponement are "thinking about shaving the moustache off" and "Another discovery: You can build a way of life on postponement."

Answer 1

Yes, you are correct. The phrase "thinking about shaving the moustache off" indicates that the narrator is considering delaying or putting off the action of shaving their mustache. The phrase "Another discovery: You can build a way of life on postponement" further supports the definition of postponement as delaying or putting off actions or decisions.