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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 ?
Optmyzr plans to introduce new Enhanced Scripts(TM) every month but for its initial launch the following scripts are available:
Customizable Layouts: The layout of the script can be fully customized.
Feedback from broadcasters and other members of the network assists DCFRN in developing new script topics and different formats to reach their listeners.
This includes the scripts for all periods, group and team.
There is only the opportunity to impress with a visual triple salchow -- script, performance and cinematography, all carried out for a song.
They (the ONDCP) told us they were changing the requirements, that we had to submit scripts ahead of time in order to qualify for programming content (credit),'' Fili-Krushel told reporters at the Television Critics' Association meeting in Pasadena.
Further study of modern languages spoken in southern Mexico -and continued archaeological finds-will contribute to a better understanding of epi-Olmec script, Kaufman asserts.
BRI) announced today the availability of FastTrack Scripting Host 2010, a rapid scripting tool that simplifies the work of system and network administrators who find a need to write scripts in order to automate day-to-day tasks.
Compile scripts into msi files - Compile script and setup files into a single Windows Installer msi file.
Larry Flynt,'' the critically praised film-biography of the Hustler publisher, said they approached Newmarket about publishing the script partly because they wanted the public to see what a real script looked like.
In Canada, Atlantis, Alliance and Nelvana use ScriptThing, the latter company taking advantage of features built in for animation scripts.
Only a few people actually read the cuneiform script on stone monuments and other public objects.

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