In underwriting, best efforts refers to an investment banks assurance that...
a commitment by a syndicate of investment banks to use best efforts to ensure the sale to investors of a company's offering of securities. In a best efforts offering, the syndicate avoids any firm commitment for a specific number of shares or bonds.
An underwriting in which an investment bank, acting as an agent, agrees to do its best to sell the offering to the public, but does not buy the securities outright and does not guarantee that the issuing company will receive any set amount of money. Less common than a firm commitment offering.
A securities offering in which the underwriter does not guarantee the sale of the securities offered, but uses his best efforts to sell the securities. The underwriters' do not commit to purchase any unsold shares.
A securities offering in which the underwriter is only committed to sell as many securities as possible at the price agreed to between the company and the underwriter and is not obligated to purchase securities not sold. (See Mini/Maxi Offering.)
This is when a securities firm will agree to sell the stock of a new company to the public without guaranteeing the company any money. That is, the securities firm will do its best to sell the shares.
describes a situation in which a securities firm will make its “best effort” to sell the stock of a new company without a guarantee of money to the company
