There have been times in the past when it could take up to 12 weeks or more to get a passport. More recently, the processing time has been 4-6 weeks for routine service. When demand is low, this can drop down to only 3-4 weeks. Expedited services usually takes 2-3 weeks although it can take longer.
DEFINITION of 'Warrant'. A derivative security that gives the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue as a sweetener to entice investors.
The definition of a warrant is a document that gives authority for something. An example of warrant is a document stating that a particular person needs to be arrested if found. Warrant is defined as to guarantee, assure or give someone authority to do something. An example of warrant is to guarantee the freshness of flowers in a delivery. An example of warrant is to promise the delivery of goods tomorrow morning.