Collar-and-elbow position
A collar-and-elbow hold is a stand-up grappling position where both combatants have a collar tie, and hold the opponent's other arm at the elbow. Generally the opening move in professional wrestling, the collar-and-elbow is generally a neutral position, but by pushing the hand on the elbow to the inside of the opponent's arms, and holding the biceps, more control can be obtained.
Source: Wikipedia — Collar-and-elbow position (CC BY-SA 4.0)