Ex-Warrant

Ex-Warrant

Describing the sale of a security after a warrant has been announced but before it has been distributed. When a security is sold ex-warrant, the warrant remains with the seller. Selling ex-warrant almost invariably reduces the price for which the security is sold. See also: Cum warrant.
References in periodicals archive ?
The opening to the letter reads: "I am 72 years of age and an ex-warrant officer in the Royal Artillery.
As an ex-Warrant Officer I only hope these lads - who have the admiration of the majority of this country - don't allow this incident to get to them.
Ex-Warrant Officer Alan Cullen was shot at in the Gulf War and suffers nightmares from the atrocities he saw.
Perhaps Boudreau considers major media stories such as leadership failures in Somalia or the poisoning of ex-Warrant Officer Matt Stopford by his own troops in Croatia to be trivial issues.
Ross, tipped to command the King's Royal Hussars, had a year long affair with ex-Warrant Officer Angela McConnell and two other women soldiers at the same time.
The ex-Warrant Officer tells his friends that, once this issue is settled, he will use the windfall to buy himself a 60-foot luxury cabin cruiser to live out his remaining days in style.
Ex-Warrant Officer Leslie Skinner, 45, also faces four counts of indecent assault on the same teenager.
Clearly, he has been employed so deep in the bowels of NDHQ he has never heard of the Somalia Enquiry, the injustice of the court-martial of LCdr Marsaw, the bungled ten-month investigation of the alleged poisoning of ex-Warrant Officer Matt Stopford, the fraud by MGen Armand Roy, or the `firings' of Admiral Murray and General Boyle.