best efforts underwriting
USA
best efforts underwriting, Also known as best efforts offering.
In a best efforts underwriting, the underwriters do not agree to purchase all of the securities from the issuer. Underwriters agree to use their best efforts to sell the securities and act only as an agent of the issuer in marketing the securities to investors. The underwriters purchase from the issuer only those securities that its clients have agreed to buy. See also firm commitment underwriting.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • best efforts offering — USA I best efforts deal, Also known as best efforts offering. A bank loan financing where an agent bank agrees to use its best efforts (or commercially reasonable efforts) to arrange a syndicate of lenders that will make the loan but has no… …   Law dictionary

  • best-efforts selling — /best ef euhrts/ a method of underwriting a security whereby a syndicate takes a new issue without any guarantees of sale to the issuer. * * * …   Universalium

  • best-efforts selling — /best ef euhrts/ a method of underwriting a security whereby a syndicate takes a new issue without any guarantees of sale to the issuer …   Useful english dictionary

  • best efforts — noun a) An assurance of good faith effort to achieve best results under prevailing circumstances. b) An effort to sell securities without a firm underwriting. Syn: best endeavors …   Wiktionary

  • Best-efforts sale — A method of securities distribution/ underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold shares to the issuer. As opposed to a guaranteed or fixed price sale, where the underwriter… …   Financial and business terms

  • best-efforts sale — A method of securities distribution/ underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold shares to the issuer. As opposed to a guaranteed or fixed price sale or bought deal, in which… …   Financial and business terms

  • best-efforts — ¦ ̷ ̷ ¦ ̷ ̷  ̷ ̷ adjective of security underwriting : not involving a firm commitment on the part of an underwriter to take up any unsold shares or bonds of an issue being underwritten …   Useful english dictionary

  • firm commitment underwriting — USA firm commitment underwriting. Also known as firm commitment offering. As opposed to a best efforts offering, in the context of securities and capital markets, an underwriting where the underwriters commit to purchase all of the securities… …   Law dictionary

  • Андеррайтинг по принципу максимальных позиций — андеррайтинг, при котором андеррайтеры соглашаются приложить максимальные усилия для размещения акций по поручению эмитента. В этом случае андеррайтеры не берут на себя обязательств выкупить нереализованные акции. Является противоположностью… …   Финансовый словарь

  • underwriter — un·der·writ·er / ən dər ˌrī tər/ n 1 a: a person (as an individual or a company) who underwrites an insurance policy: insurer b: a person who assesses risks to be covered by an insurance policy 2: a person (as an individual or company) who… …   Law dictionary

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