Definitions for "Best Efforts"
Keywords:  unsold, banker, effort, issuer, bess
In underwriting, best efforts refers to an investment banks assurance that...
A designation that a certain financial result is not guaranteed, but that a good faith effort will be made to provide the result that is represented.
An agreement by a contracting party to do its best to complete some specified result. In a gas transportation contract, it might represent a pledge by the transporter to use best efforts to transport the shipper's gas. BESS is the acronym for best efforts storage service.
Best's rating Blanket certification form