Crossword Genius

Hang on to one’s position (4,2)

Ross

I believe the answer is:

hold it

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If this is the answer, I'm afraid I cannot explain it.

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(Other definitions for hold it that I've seen before include "Wait" , "Stop right there!" , "Cease action - get a grip!" , "Hang on a minute" , "Informally, cease action" .)

I've seen this clue in the Evening Standard.
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