The Collaborative International Dictionary of English v.0.48:

Shelve \Shelve\, v. t.
   1. To furnish with shelves; as, to shelve a closet or a
      library.
      [1913 Webster]

   2. To place on a shelf. Hence: To lay on the shelf; to put
      aside; to dismiss from service; to put off indefinitely;
      as, to shelve an officer; to shelve a claim.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Shelve \Shelve\, v. i. [imp. & p. p. Shelved; p. pr. & vb. n.
   Shelving.] [Perhapss originally from the same source as
   shallow, but influenced by shelf a ledge, a platform.]
   To incline gradually; to be slopping; as, the bottom shelves
   from the shore.
   [1913 Webster]

WordNet (r) 3.0 (2006):

shelve
    v 1: hold back to a later time; "let's postpone the exam" [syn:
         postpone, prorogue, hold over, put over, table,
         shelve, set back, defer, remit, put off]
    2: place on a shelf; "shelve books"