All-or-none underwriting

All-or-none underwriting

An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

All-or-None Offering

The offering of a security in which the entire issue must be sold or the offering is void. The lead underwriter has the ability to cancel the offering if the entire issue is not sold. Most best effort deals are all-or-none offerings.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved