Stepped-up strike price
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Stepped-up strike price (alternatively known as stepped-up exercise price) is a provision in a warrant that increases the strike price over time. This provision is included to encourage owners to exercise their warrants.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Stepped-up strike price (exercise price). A provision in a warrant that increases the strike price over time. This provision is included to encourage owners to exercise their warrants.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
