A 'holdout' refers to an individual or entity that refuses to participate in a collective action, agreement, or settlement. This resistance often involves delaying acceptance or adherence to terms offered by a larger group. They might be motivated by a desire for more favorable conditions, a fundamental disagreement with the proposal, or a belief that their position offers better prospects. The term commonly applies to negotiations, strikes, or property transactions, highlighting the strategic role of non-compliance.
Holdout meaning with examples
- During the labor dispute, a small group of union members remained holdouts, refusing to accept the company's contract offer. Their resistance prolonged the strike, impacting production schedules and employee morale within the company. This showed their persistence.
- In the real estate development project, one property owner became a holdout, demanding an exorbitant price for their land. This single holdout stalled the entire construction process, driving up costs and delaying project completion, much to the dismay of stakeholders.
- The film studio faced a challenge with a famous actor becoming a holdout. His refusal to agree to the filming terms threatened to halt production, leading to negotiation attempts that altered their agreement terms and costs. It caused significant problems.
- Several nations acted as holdouts during the international treaty ratification, raising environmental concerns and questioning certain clauses. Their stance complicated the implementation process, and highlighted the complexities of global cooperation, and international challenges.
- Despite investor pressure, one venture capital firm remained a holdout, opting not to provide additional funding for the struggling tech startup, leading to concerns about the company's future viability, given their financial risks and position.