Is “Holdout” a Scrabble word?

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Yes
HOLDOUT
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Holdout

noun
  1. 1.One who refuses to give consent to an agreement in the hope of an improved offer; one who holds out; one who clings to a cause that has been mostly abandoned.

  2. 2.A device for cheating at card games by covertly holding a card out of play until it is wanted.