best efforts

  

Definitions (3)

1. Law: Assurance that while a certain result is not guaranteed, good-faith efforts will be made to achieve the best result in the circumstances.
2. Contracts: Very high standard of execution, failure to achieve which may be excusable under force-majeure clause or on demonstration that failure occurred despite one's dedicated and sustained efforts. Also called best endeavors.
3. Investing: Undertaking by a marketing agent (usually an investment bank) to do the very best in selling a security issue to the public, on pro-rata commission basis, without committing or specifying any quantity. Also called best efforts offering.

Related Videos




http://www.businessdictionary.com/definition/best-efforts.html

Today's Top Bulls

73% Bullish
(95 Votes)
72% Bullish
(18 Votes)
70% Bullish
(70 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z