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Definitions of scrip

a certificate showing that a person owns shares or bonds

Bondholders would deposit their bonds into an account and were given a Scrip Certificate in exchange.

a substitute for legal tender, often used as a form of credit

The governor of Connecticut issued scrip money on the promise of repayment in better times.

one of a group of extra shares given to shareholders instead of a dividend

A holder of a scrip certificate is not entitled to exercise voting rights or to receive a dividend in respect of the scrip certificate.