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.

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 ?
In addition to the magnetic tree mount, the ZeroTrace comes with two batteries, a battery-charging cable and a soft-sided blind adapter, all for less than $200--a price point Scrip said is designed to give more hunters the opportunity to experience it Additional magnetic ball mounts and a hard-sided blind mount will also be available for those who want to place mounts for the unit in multiple stand/ blind locations.
Abbott Recognized With Scrip Awards in Recent Years The Scrip Awards recognize excellence and achievement in the pharmaceutical and biotech industries.
Watapota issued a Right Issue of 2:75 for the purpose of Strategic Investment activities this week along with Asian Alliance which also recorded a significant growth of 78.13% of scrip price to close at LKR 180.80.
It was also reported that the scrip had taken a beating ever since rumours of the impending split started to make the rounds.
"Scrip 100 has recognised Asia as a hotbed of pharmaceutical research since its launch in 2005 and our hope is that Scrip Asia 100 will play a part in helping to improve understanding of this critical part of the world, perhaps even highlighting opportunities and prompting discussions between potential partners," explains Ian Haydock, Scrip's Tokyo-based Asia editor.
He informed the Centre has added 1837 new products under Market Linked Focus Product Scheme (MLFPS) eligible for incentive in the form of Duty Credit Scrip at two percent of FOB value of exports to specified markets.
In the 1930s such scrip was created by local business owners and entities to help promote economic activity during the Great Depression.
"Giant's fundraising scrip program is a great way to support our shared communities," said Giant's e.v.p.
One of the federal government's outstanding obligations that was not explicitly mentioned in the NRTAs was Metis scrip. Scrip was a form of currency issued to Metis people by the federal government that could be used to purchase Crown land.
Since the 1980s, schools, churches and community groups have turned to scrip sellers for bulk discounts on gift certificates they can then sell at face value to fund projects and activities.
The scrip dividend offer helps to save Newcastle United cash.