perpetual warrant


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Perpetual Warrant

A certificate without an expiration date, usually issued with a bond or preferred stock, giving the holder the option of buying an underlying asset (in this case, usually more securities) at a certain strike price, which is usually higher than the market value of the underlying asset at the time of issue. Some warrants expire a few years after issuance but perpetual warrants can theoretically last forever. Unlike options, warrants are issued by companies during a round of financing, rather than by an individual investor or brokerage. Companies issue warrants to attract investors who might not otherwise be interested. See also: Sweetener.

perpetual warrant

A warrant that has no expiration date. Although many warrants have relatively long maturities, few are perpetual.
References in periodicals archive ?
On February 3, an ATC had issued perpetual warrants of arrest against Khan and Qadri in a case related to an attack on a senior police officer during the 2014 dharna which paralysed Islamabad.
KARACHI -- The Anti-Terrorism Monitoring Cell will be made functional and the arrest of proclaimed offenders and absconders against whom perpetual warrants have been issued by Anti-Terrorism Courts shall be ensured.
It further said that the Additional Inspector General of Police, Karachi shall ensure that the proclaimed offenders/ absconders against whom perpetual warrants have been issued by the ATCs shall be arrested.
LAHORE -- An AntiTerrorism Court (ATC) Tuesday issued perpetual warrants of Pakistan Awami Tehreek (PAT) Secretary General Khurram Nawaz Gandapur and other party leaders in a case registered against them for attacking police during the Model Town incident.
Ali told the media that the anti-terrorism court had issued perpetual warrants for Musharraf and he could not evade the Criminal Procedure Code, which demanded his immediate arrest.