Scrip

(redirected from Gift card)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

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 ?
The competition hosted by One4all Gift Cards in partnership with Primary Times, received more than 200 entries from around the UK.
Acting Attorney-General and Minister for Justice Stirling Hinchliffe said one of the key issues that caused gift cards to go to waste was expiry dates.
Be wary of buying gift cards for firms where there are rumours they are struggling and making big losses.
This is the only day of the year that Target discounts its in-store gift cards, allowing shoppers to save even more on its merchandise during the holiday season.
Investigators discovered that organized criminal rings recruit shoplifters to steal merchandise from retail stores, then enlist addicts and homeless people (with the promise of drugs or money) to return the items for gift cards. Ultimately, the ringleaders sell the cards for cash.
The other benefit is that the rewards could also convince customers to top up their gift cards after use.
HOW YOU CAN PROTECT YOURSELF Here are some tips from Action Fraud: | Gift cards, including App Store and iTunes gift cards can only be used to purchase goods and services from the retailer named on the card.
* A gift card or voucher that was sold before 31 March 2018 as outlined above;
And across the Mall, a 'Shop & Win' promotion will give anyone who spends QR300 ($82.3) at any of the retailers a chance to enter an exciting draw to win a jackpot Gift Card, preloaded with QR 100,000 ($27,458.2).
The statement also states that if you have spent the funds on your gift card, then you are no longer a creditor of the company and no further action is needed.
South Setauket, NY, March 07, 2018 --(PR.com)-- Gift Card Adventures are unique shopping and dining experiences - ongoing gift cards sent to a recipient monthly - for as long as the giver chooses.