As-You-Like Warrant

A warrant with a provision permitting the purchaser to assign it as either a call or put warrant for a limited period after the offering date. In general, the option to treat the warrant as a put is of relatively little value. The underlying asset will have to decline substantially before a put will be worth more than the initial value of the call....
Found on http://www.equitrend.com/glossary137.xhtml
No exact match found