Scrip
2020-08-06 15:51
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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
Taobiz explains Scrip
1. Historically, companies short of cash have paid scrip dividends instead of cash dividends.
3. An example would be frequent flier miles.
