perpetual warrant

/pərˌpɛtʃ(əw)əl ˌwɔrənt/

Definitions of perpetual warrant

1. noun

   a warrant with no expiration date
   type of:

   stock warrant, stock-purchase warrant, warrant

   a type of security issued by a corporation (usually together with a bond or preferred stock) that gives the holder the right to purchase a certain amount of common stock at a stated price