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Scrip

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Dictionary Says

Definition of 'Scrip'

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
Investopedia Says

Investopedia explains 'Scrip'

1. Historically, companies short of cash have paid scrip dividends instead of cash dividends.

3. An example would be frequent flier miles.

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