meaning of BEST EFFORTS UNDERWRITING

BEST EFFORTS UNDERWRITING meaning in Law Dictionary

n agented brand new problem of BONDS, POPULAR INVENTORY, or PREFERRED STOCK, where in fact the SYNDICATE attempts to put with people the maximum amount of of the issue as you are able to, it is not contractually obligated to invest in any shortfall as a result of securities that simply cannot be put. See additionally ALLORNONE UNDERWRITING, BOUGHT DEAL.