Define: Debt Warrant

A debt warrant is a legal document issued by a court or government authority to enforce the payment of a debt owed by an individual or entity. It serves as a formal demand for payment, typically accompanied by an order authorizing the seizure of assets or garnishment of wages to satisfy the debt. Debt warrants are often issued in cases where a creditor has obtained a judgement against a debtor for non-payment of debts such as taxes, fines, or court-ordered judgements. Once issued, a debt warrant empowers law enforcement or authorised agents to take appropriate actions to enforce payment, such as seizing property or initiating wage garnishment, until the debt is satisfied. Failure to comply with a debt warrant can result in further legal consequences for the debtor, including additional penalties or enforcement measures.

A right that is attached to a bond that allows the bondholder to purchase additional bonds at a set price, usually the price of the original bond. Warrants that haven’t expired may be detached from the bond and sold as an individual security.

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This glossary post was last updated: 29th March 2024.