One of the mysteries of the English language finally explained.
1A provisional certificate of money subscribed to a bank or company, entitling the holder to a formal certificate and dividends.
- ‘Once the merger was announced, the scrip registered a slight increase and was trading at 277.80, up by Rs 15, but overall banking scrips were still trading at a low.’
- ‘In the process, they end up subverting the insider trading norms by subtly inflating the value of the scrips they've either invested in, have underwritten or are otherwise interested in.’
- 1.1mass noun Scrip certificates collectively.
- ‘Property sector stocks gained as investors bought scrip at a bargain ahead of Hong Kong's first land auction in nearly two years.’
- ‘Graduate fellowships partly paid in scrip that could be used to buy university-press books.’
- ‘Amateur investors seem to be always wary of pieces of paper, certificates and share scrip.’
- ‘Spanish forces attempting to take over estates in 1896 were often met with gunfire; employers hoping to pay in scrip in 1901 often found themselves bereft of workers.’
- ‘Other states would receive scrip, which they would sell.’
- ‘The plant was a notorious pariah where the workers were paid in scrip.’
- ‘Out-of-date share certificates or scrip, as they are collectively called, are a booming brand of collectibles.’
- ‘In return the prisoners each earned seventy-five cents in camp scrip to spend at the camp stores.’
- ‘Its aim was to stimulate demand for scrip, making the market more proactive rather than reactive.’
- ‘An attractive woman in an upscale suburb, deserted by the husband she supported through medical school, steals scrip for groceries from her synagogue's fundraising project to buy food for her two sons.’
- ‘News about the impending deal saw the J & J scrip lose 3.2 per cent on fears that the acquisition would dilute the company's earnings.’
- ‘Employers either paid them in scrip redeemable only at plantation stores or simply kept a record of their purchases and labor.’
- ‘It envisioned the state taking over idle farms and factories and turning them into cooperatives that would trade among themselves using scrip.’
- ‘The position differs where the security given by the debtor comprises marketable (viz. negotiable) securities, such as bearer bonds, share warrants, scrip, or exchequer bills.’
- ‘If a store owner has a good reputation for trustworthiness, the store's due bills and scrip might be exchanged in transactions among local people before they were eventually cashed in at the store.’
- 1.2 An issue of additional shares to shareholders in proportion to the shares already held.
- ‘Also there is a question regarding the previously proposed scrip dividend which the bank now says will be suspended for legal reasons.’
- ‘A scrip issue is not an issue of shares to raise more capital; it simply gives the shareholder more shares, e.g., 4 for 1.’
- ‘For a high-growth company, it said, a scrip dividend is more suitable.’
- ‘There are, however, stable scrips that have earned reasonable returns.’
- ‘The survey registered only active transactions, excluding instances when the insider sold or acquired stock by participating in stock option and scrip dividend schemes.’
- ‘‘The government will probably receive scrip dividend so it can preserve its cash but I'm sure it won't all be financed with cash,’ he said.’
- ‘Many of these tickets will be resold for sums of money higher than the actual price, much like scrips in a stock exchange.’
- ‘The impact of the crisis is very marginal on the steel scrips on the BSE - not much fall in the scrips of the listed steel companies.’
- ‘It allowed Indian mutual funds to invest in scrips of listed overseas companies that have at least 10 per cent stake in an Indian company listed on a recognised stock exchange.’
- ‘A scrip dividend brought the total shareholding held by the Group's directors to 28.3 per cent of the company.’
- ‘With the Finance Minister reducing the sell-off target, the state-owned scrips came under some bear hammering.’
- ‘The scrips of the shipping companies have seen their prices move up over 50 per cent in the past three months.’
2North American A certificate entitling the holder to acquire possession of certain portions of public land.
- ‘During the New Zealand Land Wars of the 1860s land scrip was issued to soldiers in recognition of their service and to assist their rehabilitation.’
- ‘The proceeds from the sale of land scrip would then be invested in a fund ‘to pay the endowment, support, and maintenance of at least one college’ in each state.’
- ‘During this period, he unsuccessfully tried to gain possession of the ranch by locating thirteen Confederate land
scrips on the ranch.’
3North American historical mass noun Paper money in amounts of less than a dollar.
- ‘They had some scrip, not much, but they had French money too to spend in the local community.’
- ‘Do you have any scrip I could borrow?’
Mid 18th century: abbreviation of subscription receipt.
A small bag or pouch, typically one carried by a pilgrim, shepherd, or beggar.
handbag, shoulder bag, clutch bag, evening bag, pochetteView synonyms
- ‘He then snatched the fallen warrior's arms and robes under which he had concealed a scrip full of gold fastened to his loins.’
- ‘A good shepherd, St. Bernard used to say, has always bread in his scrip, and his dog in his keeping.’
- ‘Finally he sniffed and folded the remains of his meal into a square of cloth before stuffing it back into the leather scrip at his waist.’
Middle English: probably a shortening of Old French escrepe ‘purse’.
- another term for script
- ‘The centrepiece of the auction, however, are Marlon Brando's scrips for various movies including The Score and Apocalypse Now.’
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