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1 definition found
 for To suspend payment
From The Collaborative International Dictionary of English v.0.48 :

  Suspend \Sus*pend"\, v. t. [imp. & p. p. Suspended; p. pr. &
     vb. n. Suspending.] [F. suspendre, or OF. souspendre (where
     the prefix is L. subtus below, from sub under), L.
     suspendere, suspensum; pref. sus- (see Sub-) + pendere to
     hang. See Pedant, and cf. Suspense, n.]
     1. To attach to something above; to hang; as, to suspend a
        ball by a thread; to suspend a needle by a loadstone.
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     2. To make to depend; as, God hath suspended the promise of
        eternal life on the condition of obedience and holiness of
        life. [Archaic] --Tillotson.
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     3. To cause to cease for a time; to hinder from proceeding;
        to interrupt; to delay; to stay.
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              Suspend your indignation against my brother. --Shak.
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              The guard nor fights nor fies; their fate so near
              At once suspends their courage and their fear.
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     4. To hold in an undetermined or undecided state; as, to
        suspend one's judgment or opinion. --Locke.
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     5. To debar, or cause to withdraw temporarily, from any
        privilege, from the execution of an office, from the
        enjoyment of income, etc.; as, to suspend a student from
        college; to suspend a member of a club.
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              Good men should not be suspended from the exercise
              of their ministry and deprived of their livelihood
              for ceremonies which are on all hands acknowledged
              indifferent.                          --Bp.
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     6. To cause to cease for a time from operation or effect; as,
        to suspend the habeas corpus act; to suspend the rules of
        a legislative body.
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     7. (Chem.) To support in a liquid, as an insoluble powder, by
        stirring, to facilitate chemical action.
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     To suspend payment (Com.), to cease paying debts or
        obligations; to fail; -- said of a merchant, a bank, etc.
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     Syn: To hang; interrupt; delay; intermit; stay; hinder;
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