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Best efforts sale

• A method of securities distribution/ underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold shares to the issuer. As opposed to a guaranteed or fixed price sale, where the underwriter agrees to sell a specific number of shares (with the securities firm holding any unsold shares in its own account if necessary).

 
 Embedded terms in definition
 Firm
Issuer
Its
Return
Sale
Securities
Sell
Shares
Underwriter
Underwriting
 
 Related Terms
 

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