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n. Diligence beyond a mere good faith effort to fulfill an obligation.See also good faith, diligence.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
best efforts
Look at other dictionaries:
best-efforts — UK US noun [plural] ► (also best endeavours) LAW the greatest possible effort to achieve something or do something, especially when this is difficult: use your best efforts to do sth »The buyer shall use his best efforts to get an acceptable… … Financial and business terms
best efforts — A high standard of undertaking, but nevertheless excusable in the event of a force majeure. Bloomberg Financial Dictionary * * * best efforts ˌbest ˈefforts adjective [only before a noun] 1. FINANCE a best efforts arrangement is one in which a… … Financial and business terms
Best Efforts — An agreement in which an underwriter promises to make a full fledged attempt to sell as much of an initial public offering as possible to the public. Best effort agreements are used mainly for securities with higher risk, such as unseasoned… … Investment dictionary
best efforts offering — USA I best efforts deal, Also known as best efforts offering. A bank loan financing where an agent bank agrees to use its best efforts (or commercially reasonable efforts) to arrange a syndicate of lenders that will make the loan but has no… … Law dictionary
best efforts underwriting — USA best efforts underwriting, Also known as best efforts offering. In a best efforts underwriting, the underwriters do not agree to purchase all of the securities from the issuer. Underwriters agree to use their best efforts to sell the… … Law dictionary
best efforts deal — USA best efforts deal, Also known as best efforts offering. A bank loan financing where an agent bank agrees to use its best efforts (or commercially reasonable efforts) to arrange a syndicate of lenders that will make the loan but has no… … Law dictionary
Best Efforts Mortgage Lock — When the sale of a mortgage in the secondary mortgage market requires that the seller, usually a mortgage originator, make a best efforts attempt to deliver the mortgage to the buyer. This type of trade exists to transfer the risk that a loan… … Investment dictionary
best efforts — noun a) An assurance of good faith effort to achieve best results under prevailing circumstances. b) An effort to sell securities without a firm underwriting. Syn: best endeavors … Wiktionary
best-efforts selling — /best ef euhrts/ a method of underwriting a security whereby a syndicate takes a new issue without any guarantees of sale to the issuer. * * * … Universalium
best-efforts selling — /best ef euhrts/ a method of underwriting a security whereby a syndicate takes a new issue without any guarantees of sale to the issuer … Useful english dictionary
