Meaning of the word holdout in English

What does holdout mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

holdout

US /ˈhoʊld.aʊt/
UK /ˈhəʊld.aʊt/

Noun

1.

a person or group that resists or refuses to cooperate, especially one that refuses to sell property or accept a settlement

Example:
The last holdout finally agreed to sell his land for the new development.
The union's holdouts refused to accept the new contract terms.
2.

a situation in which a person or group resists or refuses to cooperate

Example:
The negotiations reached a holdout over the final price.
There was a brief holdout from some team members regarding the new strategy.