Best Efforts
An agreement an underwriter makes to act as an agent between an issuing company and investors.
Blitzkrieg Tender Offer ...
best efforts
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Best Efforts Offering
An IPO in which an investment bank will not guarantee any proceeds to the firm, but will instead make its best efforts to raise capital. ...
Beta ...
BEST EFFORTS OFFERING. An underwriting agreement where the underwriters use their best efforts to sell the stock; however, the underwriters have no obligation to purchase stock not purchased by investors.
Best efforts
A high standard of undertaking, but nevertheless excusable in the event of a force majeure.
In the best efforts contract the underwriter agrees to sell as many shares as possible at the agreed-upon price. [1]
Under the all-or-none contract the underwriter agrees either to sell the entire offering or to cancel the deal. [1] ...
Despite my best efforts, he was not willing to consider putting his family's security on the front burner. Instead, he decided not to hire me as his coach, because he said, "I wasn't the 'right kind.'" Hmmmm.
The performance and direction of market timing will often defy your best efforts to understand them. And they'll defy common sense. Without timing, the movements of the market may seem possible to understand.
You could argue the inflation data are wrong, or this time is different, or that inflation simply won't show up, despite the best efforts of central bankers worldwide to drive savers out of cash.
Minimum-maximum underwriting: A type of best efforts underwriting. It is similar to an all-or-none underwriting until the minimum amount is raised, in that the offering is canceled if that amount is not raised.
In some cases, the underwriting agreement will take on a form that is referred to as a best efforts agreement.
By Marko Papic, Robert Reinfrank and Peter Zeihan Rumors of the imminent collapse of the eurozone continue to swirl despite the Europeans' best efforts to hold the currency union together.
A type of underwriting where the investment firm acts as an agent. The firm agrees to use its best efforts to sell the new issue of securities, but does not guarantee the issuing company that the securities to be issued will be sold.
Pretty good summary. I'll add one more factor - the US dollar has actually held up reasonably well (despite Bernanke's best efforts), mostly due to the fact that other currencies (euros anyone?) make it look like the least of all evils.
In securities, it is the Broker that sells the issue and, unless sold on a "best efforts" basis, agrees to purchase the shares not bought by the public.
The order is accepted solely on a "best efforts" basis with no guarantees whatsoever; 2) A qualifier that allows a floor broker to use their discretion with respect to the time & price of an order's execution.
Quote: " In the meantime, it cannot be emphasized enough that, at the very least, genuine success in trading markets involves the adoption of a trading system. Without the discipline of such a system, the very best efforts are likely to be doomed ...
Definition
Investment banking
Businesses specializing in the formation of capital. This is done by outright purchase and sale of securities offered by the issuer, standby underwriting or "best efforts selling."
RELATED TERMS ...
"The CUSIP Service Bureau seeks to assign unique numbers and standardized descriptions [to securities] in a timely and accurate manner, using its best efforts to use primary or reliable sources of information."
Proposed by: Matthew Foss.
two most active trading centers cross -- as the European session is closing and the US session is opening. It is a small, but very active, window that some currency traders call the "hot zone." And many professional traders focus their best efforts ...
The remarketing agent periodically sets and resets the interest rate of a VRDN. If bonds are tendered, the remarketing agent will use his/her best efforts to sell tendered bonds to another purchaser.
Not Held An order submitted to a brokerage firm with the understanding that it will use its best efforts to execute the order according to the customer's instructions, but the broker may not be held responsible or liable for any lost profits, ...
(Compare 'Firm Commitment'.) [EPA] Underwriters do not commit themselves to selling a security issue but promise only to use best efforts.
 See also: Stock, Investment, Market, Securities, Share
  
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