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best-efforts selling

American  
[best-ef-erts] / ˈbɛstˈɛf ərts /

noun

  1. a method of underwriting a security whereby a syndicate takes a new issue without any guarantees of sale to the issuer.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.

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