Scrip

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Export of labour intensive engineering goods to 110 countries notified under Focus Market Scheme under FTP is eligible for incentive in the form of Duty Credit Scrip at three percent of FOB value of exports, Scindia said.
Although a highly liquid scrip on the exchange with approximately 60 per cent free float, the foreign ownership cap was restricting the large global institutional investors keen to participate in the organisation's success.
The volume rose 4pc over the previous session to 271m shares while the traded value shot up 22pc to Rs11.6 billion depicting healthy activity in index heavy scrips.
The exchanges said periodic call auction will be conducted in these 409 securities with effect from April 11 and the decision is based on trading activity of these scrips during the period October 1, 2015 to March 31, 2016.
Senior Equity Dealer, Ismail Iqbal Pvt Ltd, Zaheer Ahmed told APP that the local equity markets remained range-bound but buying in selected scrips led the rally of positive sentiments.
Of the 30 scrips that constitute the Sensex, only three closed in the positive: Hero MotoCorp, up 2.7 per cent at Rs1,952.45; M&M, up 1.2 per cent at Rs704.65 and Infosys, up 0.68 per cent at Rs2,204.55.
With the significant declines in crude prices, SBP's expected interest rate hike on November 30th looks distant possibility that shrouds banking sector scrips.
While, out of the total 108 active scrips 61 remained equal, 20 shed values and 27 scrips moved up.
Only three scrips closed in the red yesterday with 40 scrips registering gains and 16 remaining unchanged.
Of the 325 traded scrips,138 advanced, 153 declined and 34 remained unchanged.

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