IPA: /ˈhoʊlˌaʊt/
KK: /hoʊldˌaʊt/
A person or group that refuses to agree or cooperate, especially in negotiations or discussions.
The holdout refused to sign the contract until their demands were met.
Holdout → It is formed from "hold" (from Old English "haldan", meaning to keep or maintain) and "out" (meaning outside or away). The word "holdout" refers to someone who maintains their position or refuses to give in, often in a negotiation or agreement context.
Think of someone who is 'keeping' ('hold') their position 'away' ('out') from others — that's why a holdout is someone who refuses to yield.
No commonly confused words.