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Definitions for: Scrip [n] a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency
Webster (1913) Definition: Scrip, n. [OE. scrippe, probably of Scand. origin; cf.
Icel. & OSw. skreppa, and also LL. scrippum, OF. esquerpe,
escrepe, F. ['e]charpe scarf. Cf. Scarp, Scarf a piece of
dress.]
A small bag; a wallet; a satchel. [Archaic] --Chaucer.
And in requital ope his leathern scrip. --Milton.
Scrip, n. [From script.]
1. A small writing, certificate, or schedule; a piece of
paper containing a writing.
Call them generally, man by man, according to the
scrip. --Shak.
Bills of exchange can not pay our debts abroad, till
scrips of paper can be made current coin. --Locke.
2. A preliminary certificate of a subscription to the capital
of a bank, railroad, or other company, or for a share of
other joint property, or a loan, stating the amount of the
subscription and the date of the payment of the
installments; as, insurance scrip, consol scrip, etc. When
all the installments are paid, the scrip is exchanged for
a bond share certificate.
3. Paper fractional currency. [Colloq.U.S.]
See Also: certificate, security
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