[huhv-er, hov-]
verb (used without object)
to hang fluttering or suspended in the air: The helicopter hovered over the building.
to keep lingering about; wait near at hand.
to remain in an uncertain or irresolute state; waver: to hover between life and death.
the act or state of hovering.

1350–1400; Middle English hoveren, frequentative of hoven to hover < ?

hoverer, noun
hoveringly, adverb

1. See fly1. 3. falter, pause, fluctuate.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
hover (ˈhɒvə)
1.  (intr) to remain suspended in one place
2.  (intr) (of certain birds, esp hawks) to remain in one place in the air by rapidly beating the wings
3.  (intr) to linger uncertainly in a nervous or solicitous way
4.  (intr) to be in a state of indecision: she was hovering between the two suitors
5.  (tr) computing to hold (the mouse pointer) over a defined area on a web page without clicking, in order to cause a menu, information box, etc to appear
6.  the act of hovering
[C14: hoveren, variant of hoven, of obscure origin]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

c.1400, hoveren, frequentative of hoven "hover, tarry, linger" (mid-13c.), of unknown origin, chiefly nautical at first, of ships standing off a coast. Hovercraft first attested 1959; a proprietary name after 1961.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Individual concrete pads create the illusion that they're hovering lightly
  above the desert floor.
The first substances found to facilitate resistance-free electron flow did so
  only at temperatures hovering around absolute zero.
Where there are fishery boats docking after a day's catch, there are usually
  seabirds hovering in hopes of lifting scraps.
Hovering would have increased their radiation exposure.
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