Series 22: Best-efforts Commitment

Taken from our Direct Participation Programs Representative Exam

Definition of the term Best-efforts Commitment...

an agreement by which an underwriter agrees to make its best efforts to sell as much of an issuer’s securities offering as it can.

Since you're reading about Series 22: Best-efforts Commitment, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 22
Please Enable Javascript
to view this content!