Scrip

Tax Glossary Definition

Scrip

A scrip is a temporary or alternative instrument used in place of legal currency, representing a claim to a specific value or benefit that can be redeemed later. Organizations such as businesses, banks, or retailers may issue scrips for limited purposes, acting as tokens, vouchers, or credit notes rather than traditional money. Typical forms include gift cards, meal coupons, loyalty rewards, or dividend scrips given to shareholders instead of cash payouts.

Example: Instead of paying a cash dividend, a company might issue dividend scrips, which allow shareholders to receive additional shares equivalent to the dividend amount.

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