best efforts underwriting

Underwriting in which an investment banker agrees to direct, but not guarantee, the public sale of the issuer’s securities.

• The underwriter, or selling group, sells the securities as agent for the issuer, and any unsold securities are never issued.

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词条贡献者

译员Nanda，毕业于英国顶尖的高级翻译学院，专注翻译各种与证券和消费者集体诉讼有关的法律文件。