| 单词 | best efforts |
| 释义 | best efforts best efforts noun [pl.]
1 (Law , only used in written English) (also best endeavours) (often used in contracts) all the possible actions that you can take in order to achieve sth: We will use our best efforts to deliver the goods on time. the software is supported on a best-efforts basis
2 (Finance ) in the US, if a financial institution (such as an investment bank) uses a best-efforts method to sell the shares in a new company, they agree to sell as many shares as they can, but do not promise they will sell them all. Any they do not sell will be returned to the company: The share offering is being made on a best-efforts basis. a best-efforts sale |
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