Sorry, no online dictionaries contain the exact phrase defray operating expenses.
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Reverse dictionary results:
1. overhead
2. budget
3. expenditure
4. loss
5. amount
6. fees
7. operating expense
8. nut
9. operations
10. earnings before taxes
11. estimates
12. expenditures
13. net income
14. net operating income
15. nyt
16. operating ratio
17. pay
18. tax
19. taxed
20. taxes
21. taxing
22. tsx
23. foot
24. absorb
25. cover
26. covers
27. bankroll
28. funds
29. rental
30. costs
31. expense
32. floating
33. load
34. net
35. spending
36. business traveler
37. living
38. cost
39. allowance
40. bear

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You can look up the words in the phrase individually using these links:   defray ?   operating ?   expenses ?
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