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Kicker

Kicker

What is 'Kicker'

1. A right, exercisable warrant, or other feature that is added to a debt instrument to make it more desirable to potential investors by giving the debt holder the potential option to purchase shares in the issuer. The kicker may or may not actually be usable; often a certain breakpoint must be reached (such as a stock price above a certain level) before the kicker has any real value.

2. In real estate, an added expense that must be paid on a mortgage in order to get a loan approved. An example would be an equity stake in receipts of a retail or rental property.

Explaining 'Kicker'

1. Kickers are essentially features that are added to "get the deal done", as they are exclusively for the benefit of lenders and used to add to their expected return on investment (ROI). A company that adds a kicker (for example, a rights offering) to a bond issue is only doing so because it will help get the entire issue into the hands of investors.

2. Real estate kickers can be shady practices, even illegal in some jurisdictions.


Further Reading

Accountability with a kicker: Observations on the Florida A+ accountability planAccountability with a kicker: Observations on the Florida A+ accountability plan
journals.sagepub.com [PDF]
… tem, unlikely to change in any fundamental way with- out the “kicker” increased competition … Schools: Is School Choice an Answer to the Productivity Problem?,” Economics of Education … 376-94; and Allan Odden and William Clune, “School Finance Systems: Aging Structures in …

Introducing the Tax-Kicker Bond: Budget-Neutral Financing of Private Infrastructure by Back-End Participation in Future Tax Revenue GrowthIntroducing the Tax-Kicker Bond: Budget-Neutral Financing of Private Infrastructure by Back-End Participation in Future Tax Revenue Growth
www.adb.org [PDF]
… tem, unlikely to change in any fundamental way with- out the “kicker” increased competition … Schools: Is School Choice an Answer to the Productivity Problem?,” Economics of Education … 376-94; and Allan Odden and William Clune, “School Finance Systems: Aging Structures in …

Rectus femoris intrasubstance tear in a collegiate football kicker and its mechanismRectus femoris intrasubstance tear in a collegiate football kicker and its mechanism
www.tandfonline.com [PDF]
… tem, unlikely to change in any fundamental way with- out the “kicker” increased competition … Schools: Is School Choice an Answer to the Productivity Problem?,” Economics of Education … 376-94; and Allan Odden and William Clune, “School Finance Systems: Aging Structures in …

German Sports Newspapers and Magazines (SNMs) Market: From the Perspective of Media EconomicsGerman Sports Newspapers and Magazines (SNMs) Market: From the Perspective of Media Economics
en.cnki.com.cn [PDF]
… tem, unlikely to change in any fundamental way with- out the “kicker” increased competition … Schools: Is School Choice an Answer to the Productivity Problem?,” Economics of Education … 376-94; and Allan Odden and William Clune, “School Finance Systems: Aging Structures in …

The Envelope Theorem and Identification: Implications for Some Empirical Work in Economics and FinanceThe Envelope Theorem and Identification: Implications for Some Empirical Work in Economics and Finance
papers.ssrn.com [PDF]
… tem, unlikely to change in any fundamental way with- out the “kicker” increased competition … Schools: Is School Choice an Answer to the Productivity Problem?,” Economics of Education … 376-94; and Allan Odden and William Clune, “School Finance Systems: Aging Structures in …

E. Banks, The Palgrave Macmillan Dictionary of Finance, Investment and Banking© Erik Banks 2010E. Banks, The Palgrave Macmillan Dictionary of Finance, Investment and Banking© Erik Banks 2010
link.springer.com [PDF]
… tem, unlikely to change in any fundamental way with- out the “kicker” increased competition … Schools: Is School Choice an Answer to the Productivity Problem?,” Economics of Education … 376-94; and Allan Odden and William Clune, “School Finance Systems: Aging Structures in …


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WCAG 2.0

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