This is the 5524th most frequent Japanese word.
お待ち
"お待ち" means "waiting."
Here, お待ち is being used in a polite question form, showing respect.
お待ちいただけますか？
Could you please wait?
This sentence uses お待ち for a polite imperative, instructing the listener to wait.
そのままお待ちください。
Please wait as is.
In this phrase, お待ち expresses politeness along with the nuance of requesting patience.