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Best efforts
An underwriter acting as agent for an issuer of stock, agreeing to sell as much as possible but not being responsible for unsold inventory. Usually used with unseasoned offerings.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Stocks & securities
- Company:
- Product:
- Acronym-Abbreviation:
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