On is a phrasal verb meaning "don't hang up" or "wait a moment". It is used in spoken English. hang
On is also a phrasal verb, meaning "wait a minute", but it is generally not used in telephone language. These two phrasal verbs are intransitive verbs and generally have no object, such as:
can
you
hang
exist
for
a
Minutes?
please
keep
Open.
I
will
let go
you
Go through.
I hope it can help you solve the problem.