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.
                                                  --Denham.
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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.
                                                  Sanderson.
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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;
        debar.
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The Collaborative International Dictionary of English v.0.48:

Suspend \Sus*pend"\, v. i.
   To cease from operation or activity; esp., to stop payment,
   or be unable to meet obligations or engagements (said of a
   commercial firm or a bank).
   [1913 Webster]

WordNet (r) 3.0 (2006):

suspend
    v 1: hang freely; "The secret police suspended their victims
         from the ceiling and beat them"
    2: cause to be held in suspension in a fluid; "suspend the
       particles"
    3: bar temporarily; from school, office, etc. [syn: suspend,
       debar]
    4: stop a process or a habit by imposing a freeze on it;
       "Suspend the aid to the war-torn country" [syn: freeze,
       suspend]
    5: make inoperative or stop; "suspend payments on the loan"
       [syn: suspend, set aside]
    6: render temporarily ineffective; "the prison sentence was
       suspended"

Moby Thesaurus II by Grady Ward, 1.0:

162 Moby Thesaurus words for "suspend":
   abolish, abrogate, adjourn, annul, arrest, attach, blackball, boot,
   bounce, break, break off, bump, bust, can, cancel, cashier, cease,
   check, cleanse, cleanse away, continue, countermand, counterorder,
   cut off, dangle, debar, deconsecrate, defer, defrock, degrade,
   delay, deliver, demote, depend, deplume, depose, deprive, dethrone,
   disannul, disbar, discharge, discontinue, discrown, disemploy,
   disenthrone, dismiss, displace, displume, do away with, drag out,
   drum out, eject, eliminate, evict, exclude, excommunicate, expel,
   extend, fasten, fasten up, fire, free, free from, furlough,
   give release, give respite, give the ax, give the gate, hang,
   hang fire, hang up, hold off, hold over, hold up, intermit,
   interrupt, invalidate, kick, kick upstairs, lay aside, lay by,
   lay off, lay over, let go, let out, liquidate, make redundant,
   make void, nullify, oust, override, overrule, overthrow, pension,
   pension off, pigeonhole, postpone, prolong, prorogate, prorogue,
   protract, purge, purge away, push aside, put aside, put off,
   put on ice, put up, read out of, recall, recant, recess, reject,
   release, remove, remove from office, renege, repeal, replace,
   reprieve, rescind, reserve, retire, retract, reverse, revoke, sack,
   separate forcibly, set aside, set by, shelve, shift off, sleep on,
   sling, snap the thread, stand over, stave off, stay, stop,
   stretch out, strip, strip of office, strip of rank, superannuate,
   surplus, swing, table, take a break, take a recess, turn off,
   turn out, unchurch, unfrock, unsaddle, unseat, unthrone, vacate,
   void, waive, withdraw, withhold, write off