There have been times in the past when it could take up to 12 weeks or more to get a passport. More recently, the processing time has been 4-6 weeks for routine service. When demand is low, this can drop down to only 3-4 weeks. Expedited services usually takes 2-3 weeks although it can take longer.
DEFINITION of 'Warrant'. A derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue as a sweetener to entice investors.
Stock warrants are but one of the many vehicles to consider along with gold bullion, gold coins, ETFâs, mutual funds, options, LEAPS and common shares of the mining companies. So with this background, let me give you a brief introduction to warrants. A warrant is a security (similar to a call option) giving the holder the right, but not the obligation, to purchase the underlying stock at a specific price and expiring on a specified date in the future.