Despite the risk of being a bit too picky here (for Falcon):
The term “hold short” is to be understood as “hold short of [location]”, so “STOP before [location]”. It does not include any clearance, neither a taxi clearance nor a takeoff clearance - rather on the contrary actually.
Let’s suppose you request your taxi clearance from the air traffic controller (ATC) and he or she instructs you: “Viper 1-1, you are cleared to taxi to runway 25 via Mike, Oscar, Tango and Golf, hold short of Charlie.”
This means you are allowed to taxi to runway 25 via the given taxiways Mike, Oscar, Tango and Golf, but with a restriction. Let’s say taxiway Tango is crossed by Taxiway Charlie, so you have an intersection of the two. Taxiing on Tango, you then have to stop before Charlie and wait until ATC clears you to “continue taxi”. Under no circumstance are you allowed to taxi on on your own. You have to get cleared first. The reason could be another aircraft on Charlie and ATC wants you to give way to this aircraft for example.
Same with runways. Nobody is allowed to taxi onto or cross an active runway without having a clearance to do so. So if you arrive at runway 25, you “hold short” (of runway 25) and wait in line until ATC specifically allows you to either line up on the runway (not a takeoff clearance!) or clears you for takeoff. The hold short position is marked by a big yellow line right across the whole taxiway. Never cross that line without a clearance.