Absatzzusage

German Etymology de :af Absatz<t:sales/turnover> Zusage<t:promise/commitment> de Absatz Zusage sales/turnover promise/commitment Pronunciation de [ˈapzat͡sˌt͡suːzaːɡə] de Ab satz zu sa ge Noun f de finance best efforts underwriting an agreement where an underwriter promises to make a best effort to sell as much of a securities issue as possible, but does not guarantee the sale or buy the remaining shares de Bei einer schwindenden Bonität des Emittenten weigern sich Banken oft gegen eine Festübernahme und bieten stattdessen nur eine Absatzzusage an. When the issuer's creditworthiness declines, banks often refuse a firm commitment underwriting and instead offer only a best efforts underwriting. Declension f Synonyms de Best-Efforts-Zusage anglicism, common in international finance de Platzierungszusage commitment to place/sell securities Antonyms de Festübernahme firm commitment underwriting where the bank guarantees the purchase de Vollübernahme full underwriting/takeover of an issue Hypernyms de Emissionsgeschäft the business of issuing securities de Zusage promise or commitment Coordinate terms de Basiswert the underlying security or financial instrument being sold de Emittent the entity for whom the shares or bonds are being marketed de Platzierungsrisiko the risk of failing to find buyers, which remains with the issuer in this case de Übernahmeprovision the fee paid to the bank, usually lower for best efforts than for firm commitments Related terms de absetzen to sell, market, or dispose of goods/securities de Absatzmarkt the market where products or securities are sold References Absatzzusage Absatzzusage