Crossword Genius

The ornament is in the hold (5)

Ross

I believe the answer is:

clasp

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'the hold' is the definition.
(synonyms)

I don't understand the remainder of the clue.

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(Other definitions for clasp that I've seen before include "Catch; embrace" , "Jewellery fastener" , "Grasp firmly" , "Hook" , "Bar on a medal ribbon" .)

I've seen this clue in The Globe and Mail.
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