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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 ?
The possibility of a user's information being recorded is made especially troubling by the fact that the scripts are often placed on pages where users are required to interact.
In a Cornell University Study it was found that customers can tell when a script is being used, even when the scripting isn't strict.
Unlimited Memberships: The admin of the script can set up and manage the memberships according to his or her preference and membership criteria.
The instrument also can provide on-board nonvolatile script storage so that these stored scripts can be automatically executed when the unit powers up.
Whether a farmer in Zimbabwe is sharing a script topic or a farmer in the U.
We will, of course, adapt our scripts and schedules when needed.
She has also written a number of feature-length scripts and the play, Snow Before the Moon, based on the story of Leon Trotsky.
Previously deciphered Mayan writing offered further clues to word meanings and stylistic practices in epi-Olmec script.

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