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best effort
(redirected from best-efforts basis)

    Also found in: Financial 0.01 sec.
(networking)best effort - A classification of low priority network traffic, used especially the Internet.

Different kinds of traffic have different priorities. Videoconferencing and other types of real-time communication, for example, require a certain minimum guaranteed bandwidth and latency and so must be given a high priority. Electronic mail, on the other hand, can tolerate an arbitrarily long delay and is classified as a "best-effort" service.

[Scientific American, Nov. 1994, pp. 83-84].
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Some lenders also outsource short-term interest-rate risk management between loan application receipt and loan sale when they sell loans on a best-efforts basis.
Outsourcing: solving the origination technology cost conundrum. ... by Focardi, Craig / Mortgage Banking
ASEAN countries are also expected to pledge, on a best-efforts basis, to commit more product areas for tariff cuts to zero to 5% by the year 2000 under the ASEAN Free Trade Area's (AFTA) Common Effective Preferential Tariff (CEPT) scheme, despite calls to slow the pace of liberalization to help local industries struggling amid economic crisis, senior Philippine officials said.
ASEAN to liberalize investments, trade by Asian Economic News
will act as co-manager for the syndicated offering, which would also be conducted on a best-efforts basis.
Atlantic Coast Financial Corporation Announces Extension of Community ... by Business Wire
 
 
 
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