what is a warrant in finance 
warrants are securities that come with the right but not the obligation to purchase them they re sometimes included with other bonds and shares or awarded to employees as an incentive the price and a deadline to act are set at inception 5the bottom linemezzanine debt is the result of a hybrid debt issue being subordinated to another debt issue from the same issuer it s often used in mergers and acquisitions it provides a bridge between debt and equity financing and it shares several characteristics with stocks returns can range up to 20 annually making this type of debt an attractive option for investors over other debt types 