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best-efforts sale
best-ef·forts sale (plural best-ef·forts sales)


noun 
Definition:
 
sale of securities by underwriter: in a securities issue, the sale by an underwriter of as many securities as possible with no obligation to buy those not sold to investors
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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