County Warrant Law and Legal Definition
A county warrant is a warrant that is drawn by a county official. This warrant directs the county treasurer to pay a sum of money out of county funds to bearer, to a named individual, or to the named individual's order. In the context of Securities, a county warrant refers to an instrument that grants the holder a long-term option to buy shares at a fixed price. Often, the term shall be five to ten years. A county warrant is commonly attached to preferred stocks or bonds. This is also known as stock warrant or subscription warrant.
