Question

Define the word scrip.

Answer 1

Answer:

noun

noun: scrip; plural noun: scrips; noun: land scrip; plural noun: land scrips

1.

a provisional certificate of money subscribed to a bank or company, entitling the holder to a formal certificate and dividends.

scrip certificates collectively.

an issue of additional shares to shareholders in proportion to the shares already held.

noun: scrip dividend; plural noun: scrip dividends; noun: scrip issue; plural noun: scrip issues

2.

NORTH AMERICAN

a certificate entitling the holder to acquire possession of certain portions of public land.

3.

HISTORICAL•NORTH AMERICAN

paper money in amounts of less than a dollar.

Origin

late 16th century (originally in the sense ‘a short note or document’): probably an alteration of scrap1; scrip1 (sense 1) is an abbreviation of subscription receipt .

scrip2

/skrip/

nounHISTORICAL

noun: scrip; plural noun: scrips

a small bag or pouch, typically one carried by a pilgrim, shepherd, or beggar.

Origin

Middle English: probably a shortening of Old French escrepe ‘purse’.

Explanation:

Answer 2

A scrip is a substitute or alternative to legal tender that entitles the bearer to receive something in return. Scrips come in many different forms, usually as a form of credit. Scrips have been used to compensate or pay employees, and in communities when money was unavailable or in short supply.