认股权证的中文解释
一种衍生工具,持有人有权在一定的期限内按约定的认购价向发行人购进一家公司的普通股,认购价通常高于发行时标的股票的市价。认股权证的有效期通常较长,可以是数年至永久有效。认股权证通常依附公司债或优先股发行,作为吸引投资人认购的"赠品",但认股权证有其独立的价值,可自由转让、单独买卖。认股权证的标的股票通常是发行公司自身的股票,但也可以是子公司的股票。
Warrant的英文解释
A type of
financialinstrument attached to a
security that has a separate life and value. A
warrant allows the
investor to purchase ordinary shares at a fixed price over a period of time (years) or to perpetuity. The price of the shares is usually higher than the market price at the time of issue. A
warrant is
freely transferable and can be traded separately. Warrants are usually issued by companies for their own shares, or the shares of a subsidiary. Covered warrants are issued by banks, for the shares of other companies, or for use as a trading instrument.