piggyback warrant

1. Business: A written offer attached to a primary warrant giving a potential investor the right to additional favorable purchases of equity (stock) after the investor exercises the offer in the primary warrant. For example, a company offers a warrant to potential investors allowing them to purchase shares of stock at a set price subject to a time limitation. The company may attach a secondary offer, the piggyback warranty, for those who purchase the stock. The purpose for this is to create an incentive for investment.

2. Law: A search warrant following an arrest which allows law enforcement to search areas that are not a part of the initial crime scene. If a person is arrested for possession of unlawful substances in a public setting, the officers must request a piggyback warrant before searching the suspect's residence. Also called roll back search warrant