TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

on a best effort basis [1 record]

Record 1 1999-02-09

English

Subject field(s)
  • Investment
  • Banking
DEF

Said of an arrangement for placing a new issue of securities where the underwriter sells as many as he can without guaranteeing total placement. The underwriter acts only as an agent. This term can also apply to a loan syndication where a bank attempts to place a difficult risk but without guaranteeing the total amount taken up.

OBS

See "best efforts underwriting", "best efforts sale".

OBS

on a best effort basis: term reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

Key term(s)
  • best effort

French

Domaine(s)
  • Investissements et placements
  • Banque
DEF

Se dit de la responsabilité que prend le preneur ferme de vendre le plus grand nombre possible de titres d'une nouvelle émission sans toutefois garantir le placement complet.

OBS

Voir «placement pour compte».

Spanish

Campo(s) temático(s)
  • Inversiones
  • Operaciones bancarias
DEF

Limitación de la responsabilidad del agente a dedicar todo su esfuerzo profesional, sin que garantice ningún tipo de resultado.

OBS

con el mejor empeño: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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