Definitions for "Covered Warrants"
Keywords:  warrant, london, holder, tha, delighted
Derivatives very similar to options, giving the holder the right to buy or sell underlying securities at a fixed price; not the same as company issued share warrants.... more on: Covered warrants
A warrant which entitles the warrant holder a right to purchase a security issued by a person who is not the issuer of that security. A specified amount of the underlying security shall be reserved or secured for the exercise of the warrant.
a financial instrument tha bestows on the holder the right, but not an obligation, to buy or sell an asset at a specified strike price during, or at the end of, a specified time period