scrip

scrip
USA
In the context of corporations, scrip is evidence of a right to obtain title to stock of a corporation, but does not constitute title to the stock itself. It is one alternative used by companies when they decide not to issue fractional shares. The company can issue scrip to replace fractional shares and permit the scrip to be exchanged for title to the company's stock once the holder aggregates enough to equal one full share. Generally, scrip does not grant its holder any voting, dividend or liquidation rights, but the board of directors can grant those rights. The board of directors can also fix other terms of the scrip, such as making the scrip void if it is not exchanged by a certain date.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Scrip — issued by the Capitol Hill Baby Sitting Co op, worth ½ hour of babysitting time. Scrip is an American term for any substitute for currency which is not legal tender and is often a form of credit. Scrips were created as company payment of… …   Wikipedia

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  • Scrip — Scrip, n. [From script.] 1. A small writing, certificate, or schedule; a piece of paper containing a writing. [1913 Webster] Call them generally, man by man, according to the scrip. Shak. [1913 Webster] Bills of exchange can not pay our debts… …   The Collaborative International Dictionary of English

  • Scrip — Scrip, n. [OE. scrippe, probably of Scand. origin; cf. Icel. & OSw. skreppa, and also LL. scrippum, OF. esquerpe, escrepe, F. [ e]charpe scarf. Cf. {Scrap}, {Scarf} a piece of dress.] A small bag; a wallet; a satchel. [Archaic] Chaucer. [1913… …   The Collaborative International Dictionary of English

  • Scrip — (v. subscription) nennt man in England die einzelnen Teile eines Omnium (s. d.), ferner die Zertifikate über nicht voll gezahlte Stocks (s. d.), sodann auch den Interimsschein über die bald auszugebende Aktie. Railway scrip ist eine gewöhnliche… …   Meyers Großes Konversations-Lexikon

  • Scrip — [skrip] der; s, s <aus gleichbed. engl. scrip, gekürzt aus subscription »Unterzeichnung, Unterschrift; Beglaubigung«, dies über das (Alt)fr. aus lat. subscriptio zu subscribere »unterschreiben; genehmigen«>: 1. Interimsschein als Ersatz für …   Das große Fremdwörterbuch

  • scrip — a certificate of a right to receive something (especially a stock share), 1762, probably shortened from (sub)scrip(tion) receipt. Originally receipt for a portion of a loan subscribed, meaning certificate issued as currency first recorded 1790 …   Etymology dictionary

  • Scrip [1] — Scrip, Dorf auf der zum dalmatischen Kreise Spalato gehörigen Insel Brazza mit Asphaltbergbau …   Pierer's Universal-Lexikon

  • Scrip [2] — Scrip (engl. Staatsw.), s.u. Omnium …   Pierer's Universal-Lexikon

  • Scrip — Scrip, im engl. Börsenverkehr ein Interimsschein …   Kleines Konversations-Lexikon

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