Defer pay out after America flipped (7)
I believe the answer is:
suspend
'defer' is the definition.
(suspending is a kind of defering)
'pay out after america flipped' is the wordplay.
'pay out' becomes 'spend' (I've seen this before).
'after' is a charade indicator (letters next to each other).
'america' becomes 'us' (abbreviation for the United States).
'flipped' says the letters should be written backwards.
'us' written backwards gives 'su'.
'spend' put after 'su' is 'SUSPEND'.
(Other definitions for suspend that I've seen before include "Stay" , "Temporarily halt; hang" , "Sends up (anag)" , "Hold up or dangle" , "Ban" .)