Net Playz Warrant

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Frequently Asked Questions

• What is a warrant?

  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.

• Can a warrant of payment be negotiable?

  Warrant of payment. The warrant may or may not be negotiable and may authorize payment to the warrant holder on demand or after a maturity date. Governments may choose to pay wages and other accounts payable by issuing warrants instead of checks.

• What is a paymaster's warrant?

  When he first sailed into Sydney aboard his company's ship the Hunter in 1798, Campbell was forced to sell his first consignment of goods to a syndicate of military officers in return for Paymaster's Bills drawn on London, which were like warrants. The term warrant may continue to be used broadly as an order to pay or an order to deliver goods.

• Who can issue a modern warrant?

  Modern warrants. In the U.S., warrants are issued by government entities such as the military and state and county governments. Warrants are issued for payroll to individual employees, accounts payable to vendors, to local governments, to taxpayers receiving tax refunds, to recipients of unemployment benefits, and to owners of unclaimed money.