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.
A warrant is a legal document issued by a judge or other judicial officer (such as a magistrate) that authorizes a law enforcement officer to perform an act related to justice administrationâtypically to: 1  Search and seize a person's property. 2  Arrest someone. 3  Bring a person before the court.