Scrip

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Related to Gift certificates: Gift cards

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 ?
Shapiro designed his own gift certificate. He chose one that gave customers $20 off their purchases and worked with the company to select six target ZIP codes.
The gift certificate can be an important "deal-maker" for your business.
"We get $250 [from readers who buy], and the restaurant gets $500 worth of advertising," says Wood, who notes that the last such promotion in February resulted in $16,000 worth of gift certificates purchased, with $8,000 spent by readers that the newspaper keeps as revenue.
With gift certificates available for 2 percent less than their face value, ''The higher the price of the clothes, the greater the amount I can save,'' she said.
In most cases, the directive requires strict compliance with the information schedule requirement for a taxpayer to treat the amounts received with respect to gift cards and gift certificates as advance payments under Regs.
[A]ny unclaimed amount representing unredeemed gift certificates sold after December thirty-first, nineteen hundred eighty-three, including gift certificates for merchandise only in which case the face value of such certificate shall be deemed the amount deemed abandoned, and owing in this state, or held by any corporation (other than a public corporation), joint stock company, individual, association of two or more individuals, committee or business trust in this state, and which has remained unclaimed by the owner of such amount for five years, shall be deemed abandoned property.
$50 Good Time Gift Certificate for an outing, adventure, and special project
Then when the registrant's birthday rolls around TheBirthdayRegister.com will email the gift certificates for the free gifts.
Personal Edge provides such rewards as a $25 gift certificate to a choice of nearly 400 stores throughout the United States to employees who complete a confidential personal health assessment, and employees' names are entered into a drawing for $100 gift certificates for completing behavior change modules such as nutrition, fitness and stress management.
Here's how it works: Students get rewards--everything from foam basketballs to bookstore gift certificates to subscriptions to Sports Illustrated for Kids-based on the number of books they read.
Jerry Migdol, who heads The Migdol Family Foundation, which philanthropically 'gives back' to the Harlem and Bronx communities by liaising with local religious groups and financial institutions contributing to the health and welfare of its constituents, attended and donated Barnes & Noble $25 gift certificates to each of the young performers.
* Gift Certificates for Occupation Assessment Services