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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
A factory has produced a product and supplied it to the retailer, then the retailer defers payment for three months.
It's a teleological structure, but the successful continuation of the presence of the interactive focus defers and ultimately defeats the telos.
He underscored that having two terms does not generate continuity, but rather defers the gap by a single assessment period.
This is a U. S. trust that defers payment of tax until the death of the second spouse.
Everyone defers to him, especially his main man, a clubfooted ghetto intellectual known as Smush, and the other members of Smush's ragtag crew.
It defers commencement by only a couple of months, but that couple of months is vital in terms of principle.

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