12-29-2009, 08:20 PM
Equity warrant is an option to buy the equity security of the issuer (Stock (shares) that represents ownership of a firm. Equity securities usually provide steady income as dividends but may fluctuate significantly in their market value with the ups and downs in the economic cycle and the fortunes of the issuing firm) of a debt security (such as a bond) at a specified price up to a specified expiration date.