best effort


An underwriting agreement in which the investment bank commits to making a best effort to sell Initial Public Offering (IPO) shares. Best effort agreements typically contain a provision that gives the underwriter the right to cancel the IPO if their best effort falls short of expectations. Compare to Bought Deal.

Use best effort in a sentence

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
best efforts mortgage lock all or none