Perpetual warrants


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Perpetual warrants

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.
References in periodicals archive ?
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 had issued perpetual warrants for the arrest of the four absconders in question.
The court also issued perpetual warrants for their arrest and separated their trial from other members of the family.
During the hearing, the investigation officer requested the court to issue perpetual warrants for arrest of the accused.
Court issues perpetual warrants for arrest of ex-revenue board member
ISLAMABAD -- Federal Investigative Agency Prosecutor has said that former military ruler Pervez Musharraf will be arrested as soon as he returns to Pakistan from self-exile as an anti-terrorism court has issued "perpetual warrants" for him.
It issued perpetual warrants for the arrest of Mr Musharraf for being an absconder in the case.
Besides, the accountability court barred him from holding public office for 10 years after completing the sentence, ordered confiscation of Hill Metal Establishment and issued perpetual warrants of arrest for his sons, Hussain Nawaz and Hassan Nawaz.
In September, the PTI legislator obtained protective bail from the Sindh High Court in the case and surrendered before the trial court, which had issued perpetual warrants for his arrest.
Besides convicting four accused, the judge also declared an absconding accused, Khan Afzal, a proclaimed offender and issued perpetual warrants for his arrest.
The ATC also declared absconders Hayatallah, Qari Nazar and two others proclaimed offenders and issued their perpetual warrants for arrest.
Barrister Amirullah said the trial court, which had ruled that the charge of blasphemy against Mashal Khan were unfounded, had issued the perpetual warrants for the arrest of four absconding accused, including petitioners, and had declared them proclaimed offenders.