Treasury warrant definition
/What is a Treasury Warrant?
A treasury warrant is an authorization that a payment be made from a public treasury, usually in the form of a check. Government disbursements are paid with treasury warrants.
Characteristics of a Treasury Warrant
The key characteristics of a treasury warrant are as follows:
Government-issued. A treasury warrant is issued by the treasury department of a government (national or state level).
Authorization for payment. A treasury warrant serves as an official order for payment from government funds.
Backed by government funds. A treasury warrant represents a claim on government resources or revenues.
Legally enforceable. A treasury warrant is considered a legal document that obligates a government to pay the stated amount.