best-efforts basis

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Best-Efforts Basis

An agreement between an underwriter and an issuer in which the underwriter agrees to place as much of an offering with investors as possible, but is not responsible for any portion of the offering it fails to sell. For example, suppose an issuer makes a new issue of 100,000 shares. The issuer may make a best effort basis agreement with an underwriting firm for the underwriter to sell those shares to investors. If the underwriting firm only sells 90,000, however, it is not required to buy the remaining 10,000 from the issuer. This reduces the risk to the underwriter; to reduce the risk to the issuer, most best efforts are all-or-none offerings.

best-efforts basis

1. An agreement by an investment banker to do its best to oversee but not guarantee the sale of a security issue in the primary market. See also underwriter.
2. An investor's market order to buy or sell a security in which the brokerage firm agrees to obtain the best possible price.
References in periodicals archive ?
There is no spectrum handoff scheme considering multimode CR vehicular node having the capability to make call for two or more types of nonsafety services such as voice, video, and best effort simultaneously.
Brewers' on-loan keeper Jordan Pickford made outstanding saves to deny Jed Wallace and Andy Barcham, but the best efforts of the Sunderland stopper could not deny Pompey the lead they deserved.
It was an ordinary contest that LODGICIAN ran in at Carlisle won by his stable companion Let it Be, but he turned in his best effort of the season to finish clear second best.
Each new year provides an opportunity for us to put forth our very best effort to not only achieve the goals set for us, but perhaps, if we go that extra mile, to exceed expectations.
Brazil's Jadel Gregorio won, leaping 17.39m to beat the United States' world champion Walter Davis - who had a best effort of 17.32m in his final attempt.
For inpatients, the medication reconciliation process should include a process to obtain a "reasonable best effort" documentation of outpatient drug therapy that is provided to the physician and the pharmacy compares with the patient's admission orders.
This totally burns, and I think is their best effort.
Her best effort came in week 21, scoring 37 in her side's comfortable 351-311 win over the Crazy Gang.
Lewis, it is presumed, believed that life requires us to give our best effort in all that we do, if we are to fulfill our personal vocations.
This step involves creating a word, phrase or "mantra" to repeat as a means to maintaining focus on best effort. Affirmations are personal, positive and pinpoint the goal the musician seeks.
Instead, despite the faculty's best effort to keep that day's concert a secret, the word was out: boys were on their way.
Instead, send your very best effort to your very best list and see if the whole concept is going to fly.