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What does defers mean?

Looking for the meaning or definition of the word defers? Here's what it means.

Verb
  1. Third-person singular simple present indicative form of defer
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Examples
The Corporation only defers costs for projects when it believes they are more likely than not of being completed.
Even after he warms up and becomes an enthusiastic dad who defers to his son, he is more shark than cuddlesome papa bear.
It defers commencement by only a couple of months, but that couple of months is vital in terms of principle.
Everyone defers to him, especially his main man, a clubfooted ghetto intellectual known as Smush, and the other members of Smush's ragtag crew.
A factory has produced a product and supplied it to the retailer, then the retailer defers payment for three months.
The very generous-I would even say munificent-amendment moved by the hon. member for Burin-St. George's defers the decision by one year.

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