Underwriting where the syndicate sells as much of the issue as possible, but can return unsold securities to the issuing ﬁrm without any further ﬁnancial responsibility, is called a:

Question

Quizplus · Accepted Answer

The description given corresponds to a best efforts offering, where the underwriters make their best effort to sell as much of the securities as possible but do not guarantee the purchase of any unsold securities.

Underwriting Where the Syndicate Sells as Much of the Issue