Scrip

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Scrip

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

Scrip

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.

scrip

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.

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 ?
94% intend to purchasetwo or more gift cards by online or mobile means this holiday season, and 76% agree that they are likely to purchase at least one digital gift card
As for tips, consumers should consider discounted gift cards; realize general-purpose gift cards are costly; scour their drawers for buried gift card treasure; not pay for shipping; watch out for blurred lines; beware faux gift cards; understand that mobile is hot, but still not ready for prime time; and purchase gift cards with rewards.
I have occasionally taken my gift card and run, but most of the time, I shop.
2011-17 provides a safe-harbor method of accounting for the treatment of gift cards issued to customers in exchange for returned merchandise.
Recently, I learned how some company gift cards have expiration dates.
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This is a fun way to extend the joy of gift giving, and we hope customers will shop and redeem their gift cards this weekend.
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Gift cards used to have a bit of a stigma attached to them, but Hall says those days are over.
This item highlights certain issues raised by a recent IRS Large and Mid-Size Business (LMSB) Division directive dated October 3, 2008, about the treatment of revenue from the sale of gift cards (IDD No.
com was the first company to offer a customized Visa[R] Gift Card and to ship gift cards with a customized greeting card.