c. 1200, from with- "back, away" (see with) + holden "to hold" (see hold (v.)); probably a loan-translation of Latin retinere "to withhold." Related: Withheld; withholding. Past participle form withholden was still used 19c.
The father is withholding the allowance until the son cleans his room
My employer is withholding taxes
withdrawal
withe
wither
withers
withershins
withhold
within
without
withstand
withy
witless