Warrant of payment
Written order instructing or authorizing payment / From Wikipedia, the free encyclopedia
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This article is about the payment method. For the financial instrument, see Warrant (finance). For other uses, see Warrant (disambiguation).
In financial transactions, a warrant is a written order by one person that instructs or authorises another person to pay a specified recipient a specific amount of money or supply goods at a specific date.[1] A warrant may or may not be negotiable and may be a bearer instrument that authorises payment to the warrant holder on demand or after a specific date. Governments and businesses may pay wages and other accounts by issuing warrants instead of cheques.