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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.
Although the term âfull coverageâ is commonly used by consumers, it doesnât have an official definition. In popular jargon, the term is generally used to describe a policy that covers more than the bare minimum required by law and includes coverage for damage to your own car when the other driver's insurance wonât.