Absatzzusage

== German == === Etymology === Absatz (“sales/turnover”) +‎ Zusage (“promise/commitment”) === Pronunciation === IPA(key): [ˈapzat͡sˌt͡suːzaːɡə] Hyphenation: Ab‧satz‧zu‧sa‧ge === Noun === Absatzzusage f (genitive Absatzzusage, plural Absatzzusagen) (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) ==== Declension ==== ==== Synonyms ==== Best-Efforts-Zusage (anglicism, common in international finance) Platzierungszusage (commitment to place/sell securities) ==== Antonyms ==== Festübernahme (firm commitment underwriting where the bank guarantees the purchase) Vollübernahme (full underwriting/takeover of an issue) ==== Hypernyms ==== Emissionsgeschäft (the business of issuing securities) Zusage (promise or commitment) ==== Coordinate terms ==== Basiswert (the underlying security or financial instrument being sold) Emittent (the entity for whom the shares or bonds are being marketed) Platzierungsrisiko (the risk of failing to find buyers, which remains with the issuer in this case) Übernahmeprovision (the fee paid to the bank, usually lower for best efforts than for firm commitments) ==== Related terms ==== absetzen (to sell, market, or dispose of goods/securities) Absatzmarkt (the market where products or securities are sold) === References === “Absatzzusage” in Digitales Wörterbuch der deutschen Sprache “Absatzzusage” in Duden online