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English definition of “holdout”

holdout

noun [C]     /ˈhəʊldaʊt/
a person, organization, or country that continues to refuse to accept something that others have already accepted, despite other people trying to persuade them to: Smaller producers, who would receive less than 20% of the $1.2 billion under the settlement formula, remain holdouts.
the act of refusing to accept something: Their holdout continued as they refused to sign the contract.
(Definition of holdout noun from the Cambridge Business English Dictionary © Cambridge University Press)
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