TREASURY WARRANT Meaning and
Definition
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A treasury warrant refers to an official financial instrument or document issued by the treasury department of a government. It grants the bearer the right to receive payment based on the specified amount mentioned in the warrant. Treasury warrants are commonly used by governments to allocate funds for various purposes such as salaries, expenses, or debt repayment.
These warrants are typically issued when there is a lack of immediate funds for authorized expenditures. They serve as a promissory note from the government, assuring the holder that payment will be made in due course. Treasury warrants are considered to be a form of government debt, as they represent an obligation on the part of the treasury to repay the amount mentioned on the warrant.
Due to their government backing, treasury warrants are generally considered to be low-risk investments. They are often traded among investors or financial institutions as a form of short-term or intermediate-term investment. In some cases, the government may offer treasury warrants at a discount to attract investors.
Treasury warrants may also be used as a means of currency circulation within a country. In such cases, they can be used as a form of payment, similar to a check or promissory note. However, their acceptance as a mode of payment depends on the trust and recognition they hold within the economy.
Overall, treasury warrants are important financial instruments used by governments for managing and allocating funds efficiently and serve as a way of raising short-term capital.
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An official and legal notice issued by the Lords of the Treasury for the information of the public: Lords of the Treasury, five state officers who have the superintendence of the department for the managing of the public finances, the chief of whom is called the First Lord of the Treasury, and is generally Prime Minister for the time being, the second being the Chancellor of the Exchequer, and its practical head.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for TREASURY WARRANT
- rreasury warrant
- freasury warrant
- greasury warrant
- yreasury warrant
- 6reasury warrant
- 5reasury warrant
- teeasury warrant
- tdeasury warrant
- tfeasury warrant
- tteasury warrant
- t5easury warrant
- t4easury warrant
- trwasury warrant
- trsasury warrant
- trdasury warrant
- trrasury warrant
- tr4asury warrant
- tr3asury warrant
- trezsury warrant
- tressury warrant
Etymology of TREASURY WARRANT
The word "treasury warrant" has its roots in Old French and Latin.
The term "treasury" originates from the Old French word "tresorerie", which came from the Latin word "thesaurus" meaning "treasure". It referred to the place where valuable assets, such as money and important documents, were stored.
The word "warrant" comes from the Old French word "warant" and the Latin word "warantum". It means an authorization or official document granting some form of power or permission.
When combined, "treasury warrant" refers to an official document or authorization issued by the treasury department, granting the payment or transfer of funds. It is a warrant or written order that allows the release of money or other valuable resources from the treasury.
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