Term:
Warrant
Definition:

Option to purchase ordinary share or bond of a particular company, usually purchased by bondholder wanting to participate in profit growth of that company. Often attached to new bond issue as inducement for investors to take up the bond. see also bond warrant; bond with bond warrant; bond with equity warrant; debt warrant; detachable warrant; foreign exchange warrant; stock warrant.

Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt
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