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What does on hold mean?

Looking for the meaning or definition of the word on hold? Here's what it means.

Prepositional phrase
  1. (idiomatic) Delayed; postponed; suspended.
  2. Waiting on a telephone call.
  3. On reserve; being held for someone.
  4. Pertaining to a telephone hold state.
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Examples
Businesses even need a licence to play music on their telephone line when customers are put on hold.
The investment bank has put its flotation plans on hold because of the weak market and business conditions.
Some high-tech companies rehired workers to complete projects put on hold last year.
The project was then put on hold indefinitely until such time that funding could be made available.
His company's programme will be put on hold unless new financial backing is found.
I was put on hold, and when the person came back I was told that all appeared to be in order.

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