1888, from verbal phrase; see hold (v.) over (adv.), which is attested from 1640s (intransitive) "remain in office beyond the regular term;" 1852 (transitive) "reserve till a later time."
Entries linking to holdover
hold v.
Middle English holden, earlier halden, from Old English haldan (Anglian), healdan (West Saxon), "to contain; to grasp; to retain (liquid, etc.); to observe, fulfill (a custom, etc.); to have as one's own; to have in mind (of opinions, etc.); to possess, control, rule; to detain, lock up; to foster, cherish, keep watch over; to continue in existence or action; to keep back from action," VII strong verb (past tense heold, past participle healden), from Proto-Germanic *haldanan (source also of Old Saxon haldan, Old Frisian halda, Old Norse halda, Dutch houden, German halten "to hold," Gothic haldan "to tend").
Based on the Gothic sense (also present as a secondary sense in Old English), the verb is presumed originally in Germanic to have meant "to keep, tend, watch over" (as grazing cattle), later "to have." Ancestral sense is preserved in behold. The original past participle holden was replaced by held beginning 16c., but survives in some legal jargon and in beholden.
The modern use in the sense "lock up, keep in custody" is from 1903. Hold back in the figurative senses is from 1530s (transitive); 1570s (intransitive). To hold off is early 15c. (transitive), c. 1600 (intransitive). Hold on is early 13c. as "to maintain one's course," 1830 as "to keep one's grip on something," 1846 as an order to wait or stop.
To hold (one's) tongue "be silent" is from c. 1300. To hold (one's) own is from early 14c. To hold (someone's) hand in the figurative sense of "give moral support" is from 1935. To hold (one's) horses "be patient" is from 1842, American English; the notion is of keeping a tight grip on the reins. To have and to hold have been paired alliteratively at least since c. 1200, originally of marriage but also of real estate. To hold water in the figurative sense "be sound or consistent throughout" is from 1620s.
over prep., adv.
Old English ofer "beyond; above, in place or position higher than; upon; in; across, past; more than; on high," from Proto-Germanic *uberi (source also of Old Saxon obar, Old Frisian over, Old Norse yfir, Old High German ubar, German über, Gothic ufar "over, above"), from PIE root *uper "over."
As an adjective from Old English uffera. The senses of "past, done, finished; through the whole extent, from beginning to end" are attested from late 14c. The sense of "so as to cover the whole surface" is from c. 1400. Meaning "leaning forward and down" is from 1540s. The meaning "recovered from" is from 1929. In radio communication, it is used to indicate the speaker has finished speaking (1926).
Above expresses greater elevation, but not necessarily in or near a perpendicular direction; over expresses perpendicularity or something near it: thus, one cloud may be above another, without being over it. Over often implies motion or extension where above would not; hence the difference in sense of the flying of a bird over or above a house, the hanging of a branch over or above a wall. In such uses over seems to represent greater nearness. [Century Dictionary]
Phrase over and above (mid-15c.) is pleonastic, for emphasis. Adjective phrase over-the-counter is attested from 1875, originally of stocks and shares. To be (someone) all over "be exactly what one expects of (someone)" is by 1721.