Hold

"On Friday, commissioners stood by their decision from the prior week to hold the applications for Maine Virtual Academy and Maine Connections Academy for the 2013-14 cycle because of concerns about school governance and quality."
(http://www.pressherald.com/news/panel-puts-off-ok-of-virtual-charter-schools-_2012-06-17.html?pagenum=full)

What does "hold" mean here? This dictionary suggests that definition 4a, "to own/possess", seems to be the right meaning for this example. Am I wrong?