From Longman Business Dictionaryholdouthold‧out /ˈhəʊldaʊtˈhoʊld-/ noun [countable]1a person or organization that does not follow the generally accepted way of doing somethingThe area is one of the last great holdouts in the Northeast against suburban shopping malls.2FINANCE a CREDITOR (=a person or organization to whom money is owed) that refuses the official plan to reorganize a bankrupt companyWith its reorganization plan approved by creditors representing two-thirds or more of its debt, holdouts are obliged by court order to go along with the plan.
