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covered warrant
covered warrant
A right (but not an obligation) to buy or sell a set amount of stock, bonds or other securities from a financial institution at a specific price and date. Unlike a regular warrant, which is issued by a company and allows a holder to buy or sell that company's securities, a covered warrant is issued by a financial institution and can apply to outside securities. For example, a bank might issue a covered warrant on shares of Microsoft. The warrant is "covered" because the issuing organization owns at least some of the underlying securities.
Create Date : 17 สิงหาคม 2554 |
Last Update : 17 สิงหาคม 2554 9:26:55 น. |
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