Outrageously Funny Word Dictionary :: Warrants

👉 Warrants are legal documents that authorize a holder of securities to buy those securities at a set price, known as the exercise price. This is typically done when a company issues new shares or convertible debt instruments, and the holder of these securities has the right to receive the proceeds from the sale of the new shares or convertible debt. The warrant holder can use this right to sell their securities before they are due for payment at a predetermined price.

warrants