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 ?
The court also issued perpetual warrants for their arrest and separated their trial from other members of the family.
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.
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.