STANDSTILL AGREEMENT
A standstill agreement may be defined in two ways. First, it is a contract with the purpose of stopping or stalling a hostile takeover by either offering to repurchase the hostile bidder’s acquired shares or asking the hostile bidder to limit its holdings. By doing this, the target company is given time to plan and take preventive measures versus takeovers. Second, it is an agreement for the lender to end repayment demands for a loan from a borrower by rescheduling repayments in order to avoid bankruptcy and foreclosure. The agreement is within the consent of both the borrower and the lender.
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Frozen Account
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The legal proceedings done by a lender in the cast of mortgage default. Foreclosure action is the actual filing of and carrying through of the fore ...
United States Dollar
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Property Dividend
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