A high standard of undertaking, but nevertheless excusable in the event of a force majeure.

When a bank undertakes to oversee but not guarantee the sale of an issue. The term can also refer to an undertaking by a broker to obtain the possible price for an order to buy or sell a security.

an underwriting agreement in which the underwriter doesn't guarantee the sale of the shares to be placed. In essence it says, "we think we can sell your shares. We'll do our best to [..]

is a legal agreement between a securities underwriter (usually an investment bank) and a securities issuer, whereby the underwriter agrees to do the best it can to sell as many of the issuer’s securit [..]

Best efforts is a contractual term used to obligate the parties to make their best attempt to accomplish a goal, typically used when there is uncertainty about the ability to meet the goal. Courts hav [..]

A designation that a certain financial result is not guaranteed, but that a good faith effort will be made to provide the result that is represented.

A high standard of undertaking, but nevertheless excusable in the event of a force majeure.