A more thorough explanation:

hold, n. An old-fashioned word used in England to describe the way someone owns or possesses something. It is often used with other words like "freehold" or "leasehold."

hold, vb.

1. To legally own or possess something. Example: Sarah holds the account as her separate property.
2. (Of a court) to make a decision based on the law, not just the facts. Example: The court holds the statute to be unconstitutional.
3. To officially conduct something according to the law. Example: We must hold an election every two years.
4. To keep someone in custody or under an obligation. Example: The judge will hold you accountable.
5. To have an estate on condition of paying rent or performing service. Example: James holds Hungerstream Manor under lease.
6. To preside over or conduct something. Example: Judge Brown holds court four days a week.
7. To possess or occupy something. Example: Jones holds the office of treasurer.

The examples illustrate how "hold" can be used in different ways, such as owning something, conducting something, or being in possession of something. For example, Sarah legally owns the account, and Judge Brown conducts court four days a week.