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Best efforts basis

• Securities dealers do not underwrite a new issue, but sell it on the basis of what can be sold. In the money market, this usually refers to a firm order to buy or sell a given amount of securities or currency at the best price that can be found over a given period of time; it can also refer to a flexible amount (up to a limit) at a given rate.

 
 Embedded terms in definition
 Basis
Buy
Currency
Firm
In the money
Issue
Market
Money market
New issue
Order
Securities
Sell
Time
Underwrite
 
 Related Terms
 

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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