scrip (redirected from Gift certificates)

Scrip

1. A written document that acknowledges a debt.

2. A temporary document representing a fraction of a share resulting from a split or spin-off. They may be applied to the purchase of full shares.

Notes:

Historically, companies short of cash have paid scrip dividends instead of cash dividends.

See also: Dividend, Spin-off, Split

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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.

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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.