/ˈtʃeɪndʒ ʌv kənˈtroʊl/ – Pharse
Definition: Thay đổi quyền kiểm soát.
A more thorough explanation: 1. ALSO change of control clause/agreement a contractual term providing that something will happen upon either the sale of a business or upon any other event that results in the current owners no longer controlling the business
2. a change in the majority ownership of a company
Example: 1. Change of control clauses are now well established as a means of limiting the leveraged takeover risk for eurobond holders.
2. The borrower is required to notify the lender of a change of control within 30 days.