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


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


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 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 ?
Kashmiri is written in Nastaliq script and was approved by the Assembly six decades ago
Asked if the Comelec informed the PPCRV of any changes it made to the script or hash code, she said she would rather let the poll body speak on that so as not to cause any confusion.
One of the earliest methods on script identification is the work developed by Wood et al.
The above results represent the extracted five run-length features for each script. Currently, the classification problem is mandatory.
Reportedly, one Hollywood studio good at keeping track of old scripts was MGM.
The post Call for scripts to compete for short film production prize appeared first on Cyprus Mail .
Video-based conversational script training for aphasia: A therapy study.
It seems that variant scripts were prevalent here in these localities of Sindh after the Indus and Sarswati scripts and before the development and evolution of Sanskrit, Brahmi and other Indo-Aryan scripts.
3" is no longer being directed by James Gunn, but his script may be used when the film is made.
Last year, KCSE exam results were released on December 20.Chief examiners arrived in Nairobi last week to lay the ground for marking of the examinations.The examiners will mark scripts for the 664,585 candidates in 19 examination marking centres in Nairobi and its environs.
Grant, who shot to fame in "Four Weddings and a Funeral" in 1994, took to his Twitter and revealed that a script has been robbed from his car on late Sunday night (local time).

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