best-efforts basis

best-efforts basis definition - business

best-efforts basis

  1. An agreement by an investment banker to do its best to oversee, while not guaranteeing, the sale of a security issue in the primary market. See also underwriter 1.
  2. An investor's market order to buy or sell a security in which the brokerage firm agrees to obtain the best possible price.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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