bond-over-stock warrant

bond-over-stock warrant definition - finance
A warrant (a right to purchase a stock) in which the payout is based on the performance of a bond index. However, the payout will be reduced by the amount of return on the stock index that is used. Typically, bond-over-stock warrants are issued on many different fixed-
income and equity indices.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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