Definition of best-efforts

of security underwriting
: not involving a firm commitment on the part of an underwriter to take up any unsold shares or bonds of an issue being underwritten

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First Known Use of best-efforts

1969, in the meaning defined above

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The first known use of best-efforts was in 1969

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Cite this Entry

“Best-efforts.” Dictionary, Merriam-Webster, Accessed 18 Sep. 2020.

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