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A temporary document that represents a portion of a share of stock, often issued after a stock split or spin-off.


1. A private sector substitute for currency. Historically, scrip was used in logging and mining communities dominated by a single company, and employees had to buy goods from the company store. Presently, it is more closely associated with gift certificates, gift cards, and re-loadable debit cards. Militaries also occasionally pay soldiers in scrip when they are on deployment. In Australia, buyout offers including stock in place of or in addition to cash are known as scrip bids. See also: Money.

2. An IOU from a publicly-traded company that is short on cash. Such a company pays dividends in scrip until it resolves its liquidity problems.


A certificate that can be exchanged for a fractional share of stock. Scrip is distributed as the result of a spinoff, a stock dividend, or a stock split in which the stockholder would be entitled to a fractional share of stock. For example, the owner of a single share would receive scrip for one-half a share in the event the issuer declared a three-for-two stock split.


Scrip is a certificate or receipt that represents something of value but has no intrinsic value. What's essential is that the issuer and the recipient must agree on the value that the scrip represents.

For example, in the past, after a corporate stock split or spin-off, a company might issue scrip representing a fractional share of stock for each share you owned. On or before a specific date, you could combine the certificates and convert the value they represented into full shares.

But most companies today make a cash payment for fractional shares based on the closing price of the stock on a specific date.

References in periodicals archive ?
Prior to the holidays, Plastic Jungle saw a peak of gift card purchasing on December 15 and 16, as shoppers loaded up on discounted cards to get an extra savings on holiday gifts.
The redesigned website includes new and richer content, including customer case studies describing a variety of corporate gifting and fulfillment solutions, as well as blogs showcasing seasonal and specific segments among NGC's more than 300 retail, restaurant, entertainment, and prepaid international gift card partners.
Seventy percent (70%) reported that the ability to personalize a gift card is of importance to them.
Customers simply provide the requested information regarding the gift card they would like to exchange, and GiftCardRescue.
About The Retail Gift Card Association (RGCA) The Retail Gift Card Association is the trade association that represents the closed-loop gift category.
Consider purchasing a gift card from companies that guarantee your purchase.
72% have purchased a gift card online or through mobile means
Plastic Jungle, the premier destination to sell, buy and exchange gift cards in a trusted environment, has boosted the amount it pays for unused gift cards.
Gift cards will be popular holiday gift choices: 70% of consumers plan to give at least one gift card this holiday season, and nearly half (49%) plan to give more than two gift cards.
People usually receive a $50 gift card for their birthdays.
66% of respondents between 26-35 prefer to have a digital gift card scanned from their phone rather than an email printout
The top 10 most popular gift cards are Visa, Amazon, iTunes, American Express, Netflix, Walmart, Target, Google Play, eBay, and Starbucks.