Warrants
In the context of investment companies, a form of traded option which gives the holder the right to subscribe for shares in the company at some time or times in the future and at prices fixed when the warrants are issued. They offer the purchaser of warrants an option on a future interest in the equity of the company for a relatively small initial investment. They are generally regarded as high risk investments and do not carry the same rights and protections as shares. See subscription shares.
