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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 ?
The Lukfook Jewellery Giftcards allow our partner to give abetter shopping experience to its customers.
There is, of course, the option of sending a giftcard, or voucher, to a loved one.
Thanks to the millions of people who voted, Target will award thousands of schools with Target GiftCards to use for classroom resources just in time for the start of the school year.
18, 2014 /PRNewswire/ -- Simon, a global leader in retail real estate, announced today it will team up with prepaid and payments provider Blackhawk Network to offer an enhanced Visa Simon Giftcard at select Simon malls, Premium Outlets and Mills, and online at simongiftcard.
The idea is that the giftcards are then used to pay for everyday purchases at a host of high street stores, or treats out to restaurants and the cinema.
5 million in Target GiftCards to schools that receive votes through the Give with Target Facebook application, which runs July 26 to September 8.
Although most Target guests redeem their gift cards within 60 days of receipt, Target GiftCards never expire and can be reloaded, free of charge, at any Target store or at Target.
A southwest giftcard is not valid for the purchase of Southwest Airlines Vacation Packages and Jackpot Deals packages, cargo, hotel, rental car, Southwest Airlines merchandise, Southwest Airlines group tickets, additional southwest giftcards, EarlyBird Check-In, international baggage fees, or inflight purchases.
Today, we're giving away PS1500 of giftcards for very.
Dress up like the beloved Christmas Champ and you could receive a $500 Target GiftCard
Southwest giftcards are perfect for holidays, birthdays, weddings, and more.
LOS ANGELES -- KB Home, one of America's premier homebuilders, today announced that only a few days remain to register for the Happy YOU Year sweepstakes to win $2,010 in Target GiftCards and take advantage of a special offer to receive a free $10 Target GiftCard when visiting any KB Home community.