A type of agreement with an investment bank employing only marketing and distribution efforts without the actual transfer of securities ownership to the investment banking syndicate is called:

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A best efforts agreement is a type of agreement where an investment bank or underwriter is employed to use marketing and distribution efforts to sell securities without actually transferring ownership to the investment banking syndicate. The investment bank will do its best to sell as many securities as possible without guaranteeing a specific amount, unlike a firm commitment agreement. This type of agreement is often used for smaller or riskier offerings where it may be difficult to find buyers.

A Type of Agreement with an Investment Bank Employing Only