One that is hostile or aggressive, especially one that is engaged in war. [Latin belligerÄns, belligerant-, present participle of belligerÄre, to wage war, from belliger, warlike : bellum, war + gerere, to make.] belÂ·ligâ²erÂ·entÂ·ly adv. Synonyms: belligerent, bellicose, pugnacious, combative. These adjectives mean having or showing an eagerness to fight. Belligerent refers to a tendency to hostile behavior: A belligerent reporter badgered the politician. Bellicose describes a warlike or hostile manner or temperament: Madison, far from being pushed into war by a bellicose Congress, had to drag his own hesitant party into it. (Garry Wills).
However, with a $0.30 gain in the warrant, from $0.50 to $0.80, the percentage gain would be 60%. In this example, the gearing factor is calculated by dividing the original share price by the original warrant price: $1.50 / $0.50 = 3.
This warrant is company-issued. Suppose, a mutual fund that holds shares of the company sells warrants against those shares, also exercisable at $500 per share. These are called third-party warrants. The primary advantage is that the instrument helps in the price discovery process. In the above case, the mutual fund selling a one-year warrant exercisable at $500 sends a signal to other investors that the stock may trade at $500-levels in one year.