Examlex
Plot the following complex number.
Best-efforts Offering
A type of securities underwriting where the underwriter agrees to sell as much of the offering as possible, but not to purchase the securities outright.
Syndicate
A group of individuals or organizations that come together to conduct business or pursue a common goal, often used in reference to investment and banking sectors.
Bought Deal
An agreement where an underwriter commits to buying the entire issuance of a new security and then reselling it to investors.
Underwriter
An entity or person that evaluates and assumes the risk of another entity's offerings, like securities in an IPO, insurance policies, or loans.
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