Dividend Warrant (Noun)
Meaning
An order of payment (such as a check payable to a shareholder) in which a dividend is paid.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company issued a dividend warrant to each shareholder as payment for their quarterly dividend.
- The dividend warrant was mailed to the shareholder's address on record with the company.
- She took the dividend warrant to the bank and deposited it into her account.
- The dividend warrant was made payable to the shareholder and was valid for 90 days.
- After verifying the shareholder's information, the company mailed out the dividend warrant.