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:

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In a best efforts offering, the underwriters agree to sell as much of the issue as possible at the agreed-upon price, but they can return any unsold shares to the issuer without financial responsibility. This contrasts with a firm commitment offering, where the underwriter buys all the shares from the issuer and assumes the risk of selling them to the public.

Underwriting Where the Syndicate Sells as Much of the Issue