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Best-efforts sale

Definition: [crh] A method of securities distribution/underwriting in which the securities firm agrees to sell as mucDefinition: h of the offering as possible and return any unsold shares to the issuer. As opposed to a guaDefinition: ranteed or fixed-price sale or bought deal, in which the underwriter agrees to sell a specific number of shares (and hoDefinition: lds any unsold shares in its own account if necessary).

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