An underwriting agreement in which the investment bank commits to making a best effort to sell initial public offering (IPO) shares. Best effort agreements typically contain a provision that gives the underwriter the right to cancel the IPO if their best effort falls short of expectations. Compare to bought deal. See All or None.
Browse by Subjects
See All Related Terms »
at the money
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):