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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 ?
People prefer to purchase Spa Gift Certificates from someone they know will deliver great results consistently and Bella Sante's remarkable record with clients and press is hard to surpass.
3 /PRNewswire-FirstCall/ -- You can help make someone's holiday a little brighter this year by purchasing an AmerenUE gift certificate.
Besides a substitute for cash, these gift certificates and cards act as bait to draw consumers to shops.
The Instant Gift Certificate technology which went live just in time for the holidays enables consumers to get a Bella Sante Spa Instant Gift Certificate emailed to the purchaser to be printed out.
Drop-ins are welcome, but an appointment is necessary to receive a gift certificate.
com gift certificates are issued by A2Z Gift Certificates, Inc.
DTE Energy gift certificates are available in denominations of $10, $25, $50, $75 and $100, and can be applied to any DTE Energy utility bill.
Virtual gift certificates from ifrogz are ideal for the last-second gift because they can be printed immediately after purchasing and allow the buyer to customize the "to" and "from" sections.
com's personalized gift certificates and validation system protect the giver, the recipient and the restaurant.
Thanks to the Internet and a surge of competition in the luxury travel business, today you can easily gather information on and buy gift certificates for almost any resort or hotel in the U.
Now, with the purchase of these gift certificates, anyone can send their thanks to any military member around the world.
This trend parallels the dramatic rise in the issuance of gift certificates and electronic gift cards during the same period.