Meaning of the word "hold out an olive branch" in English

What does "hold out an olive branch" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

hold out an olive branch

US /hoʊld aʊt ən ˈɑːlɪv bræntʃ/
UK /həʊld aʊt ən ˈɒlɪv brɑːntʃ/

Idiom

to make an offer of peace or reconciliation

Example:
After their argument, he decided to hold out an olive branch by inviting her for coffee.
The company tried to hold out an olive branch to the striking workers by offering better benefits.