A simple 'kicker' is a right, warrant or other incentive added to debt instruments in order to make them more attractive to potential creditors. |
For example with most bonds, the ability to easily exchange one bond in the wider debt market makes them more attractive to investors.
The term 'kicker' derives from 'kick-back,' financial slang for a transaction in which one party offers an incentive in exchange of another party's favor or advantage.
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