Wedding Warrant A warrant that can only be exercised if the host asset, typically a bond or preferred stock, is surrendered. Until the call date of the host asset is reached, the warrant can only be exercised if the holder surrenders an equal amount of host asset. The time period in which the investor has to surrender the equal amount of host asset is set in the warrant itself. After that time has passed, the warrant's holder can buy non-callable bonds. Also known as "harmless warrant" or "wedded warrant." Breaking It Down: Wedding warrants are so named because the warrant is "wedded" for a certain period of time, and can only be...
Related to "Technical Analysis" | A User's Guide To Warrants Warrants are a little bit like a living memory of a long-past era of finance. Although relatively uncommon and out of favor in... | |
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