scrip

Definitions (2)
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1. General: Signed certificate, receipt, or an IOU note that may serve as a private currency because (although it does not have any intrinsic value) it represents value recognized by both its issuer and the holder. For example, frequent flier miles receipts are scrips issued by airlines. Public paper currencies (bank notes), backed by the issuing countries' central banks, are also scrips.
2. Securities: See scrip dividend.


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