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Simple English definitions for legal terms

best-efforts underwriting

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A quick definition of best-efforts underwriting:

Best-efforts underwriting is when an investment banker helps a company sell their stocks to the public, but they don't guarantee that all the stocks will be sold. The investment banker acts as an agent for the company and tries their best to sell as many stocks as possible. If there are any unsold stocks, they are not issued. This is different from firm-commitment underwriting, where the investment banker agrees to buy all the stocks and is financially responsible for any unsold stocks. Standby underwriting is another type of underwriting where the investment banker agrees to buy any unsold stocks after the public offering for a fee.

A more thorough explanation:

Best-efforts underwriting is a type of underwriting where an investment banker agrees to help sell a new issue of securities to the public, but does not guarantee the sale of all the securities. The underwriter acts as an agent for the issuer and any unsold securities are not issued.

  • An investment bank agrees to help sell a new issue of stocks for a company. The bank will use its best efforts to sell the stocks to the public, but does not guarantee that all the stocks will be sold.
  • A municipality wants to issue bonds to finance a new project. An investment bank agrees to help sell the bonds to investors, but does not guarantee that all the bonds will be sold.

These examples illustrate how an investment bank can help an issuer sell securities to the public through best-efforts underwriting. The investment bank will use its expertise and resources to market and sell the securities, but the success of the sale ultimately depends on market conditions and investor demand.

best-efforts contract | best embodiment

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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