Additional feature of a security that is intended to strengthen its marketability by offering the possibility of equity participation. For example, a bond may be convertible to stock if the shares reach a specified price. The kicker makes the bond more attractive to investors--the bondholder, in addition to interest payments, potentially gets ownership benefits of an equity security. Some other types of equity kickers are rights and warrants.

See Also: Convertible Bond; Equity; Right; Sweetener; Warrant

This definition is in context to Investing. See more contextual defintions for Kicker.