BEST EFFORTS UNDERWRITING
\bˈɛst ˈɛfəts ˌʌndəɹˈa͡ɪtɪŋ], \bˈɛst ˈɛfəts ˌʌndəɹˈaɪtɪŋ], \b_ˈɛ_s_t ˈɛ_f_ə_t_s ˌʌ_n_d_ə_ɹ_ˈaɪ_t_ɪ_ŋ]\
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An agented NEW ISSUE of BONDS, COMMON STOCK, or PREFERRED STOCK, where the SYNDICATE attempts to place with investors as much of the issue as possible, but is not contractually obligated to fund any shortfall arising from securities that cannot be placed. See also ALLORNONE UNDERWRITING, BOUGHT DEAL.
By Henry Campbell Black
Nearby Words
- best before date
- best buy
- best current practice
- best effort
- best efforts
- BEST EFFORTS UNDERWRITING
- best evidence
- best evidence rule
- best first search
- best fit
- best friend