The Law Dictionary

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BEST EFFORTS UNDERWRITING Definition & Legal Meaning

Definition & Citations:

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.

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