Meaning of “holdout” in the English Dictionary

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"holdout" in British English

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holdoutnoun [ C ]

uk /ˈhəʊld.aʊt/ us /ˈhoʊld.aʊt/

a person, organization, or country that continues to do something, despite other people trying to force them not to:

It's time to shame holdouts into signing the treaty.

(Definition of “holdout” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"holdout" in Business English

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holdoutnoun [ C ]

uk /ˈhəʊldaʊt/ us

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” from the Cambridge Business English Dictionary © Cambridge University Press)