Or this,
"In the banking world, a standstill agreement between a lender and borrower halts the contractual repayment schedule for a distressed borrower and forces certain actions that the borrower must undertake. A new deal is negotiated during the standstill period that usually alters the loan's original repayment schedule. This is used as an alternative to bankruptcy or foreclosure when the borrower can't repay the loan. The standstill agreement allows the lender to salvage some value from the loan. In a foreclosure, the lender may receive nothing. By working with the borrower, the lender can improve its chances of getting repaid a portion of the outstanding debt."
https://www.investopedia.com/terms/s/standstill_agreement.asp
Or this,"In the banking world, a standstill agreement between a...
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Last
55.0¢ |
Change
-0.010(1.79%) |
Mkt cap ! $74.22M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 54.5¢ | $8.038K | 14.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8338 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 19413 | 1 |
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| Last trade - 15.59pm 18/07/2024 (20 minute delay) ? |
| PNC (ASX) Chart |