Scrip
1. A written document that acknowledges a debt.
2. A temporary document representing a fraction of a share resulting from a split or spin-off. Scrips may be applied to the purchase of full shares.
3. Currency issued by a private corporation Investopedia Says:
1. Historically, companies short of cash have paid scrip dividends instead of cash dividends.
3. An example would be frequent flier miles. Related Terms:
Dividend
Spinoff
Split Adjusted
Stock Split |