Legal Definitions - hold out

Definition: To represent oneself or another as having a certain legal status or to refuse to yield or submit.

Example 1: Even though he was only a promoter, Schwartz held himself out as the principal.

Explanation: Schwartz claimed to have the legal status of a principal, even though he was only a promoter. This is an example of holding out.

Example 2: Womack held out for a higher salary and better benefits.

Explanation: Womack refused to yield or submit to the initial offer and instead stood firm in negotiating for a higher salary and better benefits. This is another example of holding out.