Glossary
- Paasche index
- Par value
- Partial execution
- Participation certificates
- Pension fund
- Peoples share
- Performance evaluation
- Performance index
- Physical delivery (warrants)
- Placement
- Placement volume
- Pool factor
- Portfolio
- Practise
- Preferred shares
- Premium
- Premium (warrant)
- Premium Margin
- Price addendum
- Price category
- Price details
- Price index
- Price sensitivity
- Price-cashflow-ratio
- Price-earnings ratio
- Price-to-book-ratio
- Primary market
- Prime All Share
- Prime Standard
- Principle of highest volume transacted
- Private placement (PP)
- Proprietary trading
- Prospectus
- Put warrant
Put warrant
Warrant that grants the buyer the right to sell a certain quantity of a particular underlying instrument at a predetermined strike price on or before a specified date
An investor who buys a put warrant expects that the price of the underlying instrument will fall during the exercise period. Thus, he acquires the right to sell a particular quantity of the security in question at an agreed-upon price, either at any time during the exercise period (American-style) or on the expiration date (European-style). The put writer is obligated to buy the underlying instrument at this price, and in return receives a premium from the put holder. However, most warrants are settled in cash rather than through the physical delivery of the underlying security.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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