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T is for TIME, and the minus is the amount of time left before takeoff. If you say T minus two, and TIME is 0830, it is 0828. "Holding" is another term meaning the countdown has stalled usually due to a technical problem. T minus 2 and holding in this case would mean 0828 and countdown has paused until problem is resolved.

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15y ago
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Q: What does T Minus mean?
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