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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 ?
a) When the gift certificate, check, card, voucher or other similar instrument issued is for a specific event or activity with a definite date/s such as but not limited to concert, movie, shows, special occasion and festival;
When tickets and gift certificates at discount ticket shops are resold, people may feel unrest about possible fakes.
For the lover of history or those who just appreciate hotels with character, Historic Hotels of America sells gift certificates redeemable at nearly 50 of their member hotels, including locations in Santa Monica, Napa and La Jolla.
The availability of these exemptions generally depends on whether the issuing stores maintain name and address records for purchasers or issue the gift certificates or gift cards on an anonymous basis.
Personalized Instant Gift Certificates are virtual e-certificates, sent via email to the recipient or the purchaser can print the Instant Gift Certificate and give it directly to the recipient.
Last minute gift purchases (when time for shipping has run out) makes personalized Bella Sante Instant Online Gift Certificates the favored choice for the next three days.
When someone is giving a Gift Certificate to a spa they do not want the recipient to be disappointed.
Holiday shoppers spend billions on gift cards and gift certificates every year, and they're increasingly popular gifts.
Gift certificate awards are valid for air travel completed within one full year of the date of issuance, and they're fully transferable, making it easy for Continental Airlines Vacations customers to give the gift of free air travel this Holiday Season.
Spa Finder also operates the world's largest spa gift certificate and incentive programs as well as the Spa Distribution Network, the Internet's first online spa booking program.