One of the mysteries of the English language finally explained.
1‘he held on to the back of a chair’
clutch, hold, hang on to, clasp, grasp, grip, cling to
literary cleave to
release, let go of
2‘the industry is trying to hold on to experienced staff’
retain, keep, hang on to, keep possession of, retain possession of, retain use of, retain ownership of, not sell, not give away, keep for oneself
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