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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.
Ordinance and Law Coverage Law and Legal Definition. Ordinance and Law coverage is a type of insurance coverage that can be included in a homeowner's insurance policy. Such coverage pays not only for rebuilding a destroyed home but also upgrading the home so that it will meet the current building codes.