a receipt, certificate, list, or similar brief piece of writing.
2.
a scrap of paper.
3.
Finance.
a.
a certificate representing a fraction of a share of stock.
b.
a certificate to be exchanged for goods, as at a company store.
c.
a certificate indicating the right of the holder to receive payment later in the form of cash, goods, or land.
4.
paper currency in denominations of less than one dollar, formerly issued in the United States.
Origin: 1610–20; earliest sense “scrap of paper” perh. gradational var. of scrap1; subsequent sense development shows influence of scriptand subscription, with def. 3a specifically a shortening of subscription receipt
A certificate that can be exchanged for a fractional share of stock. Scrip is distributed as the result of a spinoff, a stock dividend, or a stock split in which the stockholder would be entitled to a fractional share of stock. For example, the owner of a single share would receive scrip for one-half a share in the event the issuer declared a three-for-two stock split.
[skrip] 
