BROWSE

Harmless Warrant

What is 'Harmless Warrant'

A warrant that requires the holder to surrender a similar bond when purchasing a new fixed-income instrument. For the warrant to be exercisable, the two bonds must have similar terms, such as maturity, yield and principal.

Explaining 'Harmless Warrant'

Issuing a harmless warrant provides the debt issuer with some call protection. Under a normal warrant, bond holders might all opt to buy more instruments, drastically increasing the firm's level of debt. With a harmless warrant, the original bond must be surrendered at the time of purchase, allowing the level of debt to remain constant.


Further Reading


The financial crisis, the exemption view and the problem of the harmless torturer
link.springer.com [PDF]
… As I see it, all three justifications considered so far fail to warrant the exemption view … Unfortunately, it also makes a good case for the moral innocence of Parfit's harmless torturers … bankers for their part in the crisis since the most respected experts in economics and economic …

Educational resources and student achievement: Evidence from the Save Harmless provision in New York StateEducational resources and student achievement: Evidence from the Save Harmless provision in New York State
www.sciencedirect.com [PDF]
… As I see it, all three justifications considered so far fail to warrant the exemption view … Unfortunately, it also makes a good case for the moral innocence of Parfit's harmless torturers … bankers for their part in the crisis since the most respected experts in economics and economic …

Applications of statistical physics in finance and economicsApplications of statistical physics in finance and economics
www.econstor.eu [PDF]
… As I see it, all three justifications considered so far fail to warrant the exemption view … Unfortunately, it also makes a good case for the moral innocence of Parfit's harmless torturers … bankers for their part in the crisis since the most respected experts in economics and economic …

Financial stability, the trilemma, and international reservesFinancial stability, the trilemma, and international reserves
www.aeaweb.org [PDF]
… As I see it, all three justifications considered so far fail to warrant the exemption view … Unfortunately, it also makes a good case for the moral innocence of Parfit's harmless torturers … bankers for their part in the crisis since the most respected experts in economics and economic …


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