Meaning of “hold the balance of power” in the English Dictionary

british dictionary

"hold the balance of power" in British English

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hold the balance of power

to be able to support either opposing side in a competition, etc. and therefore be able to decide who will win:

If independents do end up holding the balance of power, then they decide whether Labor or the Liberals govern for the next four years.

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