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DEFINITION of 'Warrant Coverage'. An agreement between a company and its shareholders whereby the company issues warrants equal to some percentage of the dollar amount of the shareholder's investment. Next Up.
comprehensive coverage. Definition. Insurance designed to pay for the repair or replacement of the policy owner's car in the event of damage not resulting from an accident. Comprehensive coverage usually requires the payment of a deductible when a claim is made and may be required to secure a new car loan. Use this term in a sentence.