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scrip
scrip issue
A Dictionary of Business and Management
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2006
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© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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scrip issue (bonus issue; capitalization issue; free issue) The issue of new share certificates to existing shareholders to reflect the accumulation of profits in the reserves of a company's balance sheet. The shareholders do not pay for the new shares and appear to be no better off. However, in a 1 for 3 scrip issue, say, the shareholders receive 1 new share for every 3 old shares they own. This automatically reduces the price of the shares by 25%, catering to the preference of shareholders to hold cheaper shares rather than expensive ones; it also encourages them to hope that the price will gradually climb to its former value, which will, of course, make them 25% better off. In the USA this is known as a
stock split.
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Scrip replacing candy sales for grass-roots fund raising
Newspaper article from: The Milwaukee Journal Sentinel; 1/23/1998; ; 700+ words
; ...the hottest game around these days is scrip. Using currency similar to gift certificates...blending charity with consumerism, the scrip system has revolutionized the way thousands...clear when one of the nation's biggest scrip distributors abruptly shut its doors recently...
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Scrip terminals fuel payments system debate.
Magazine article from: ABA Banking Journal; 4/1/1993; ; 700+ words
; Providers of scrip terminals and scrip transaction processing services are actively targeting banks looking...networks are equally active in trying to stunt the growth of the scrip terminal market, claiming the devices are confusing, not expanding...
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 "Economic Commentary (Cleveland)")
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Stamp scrip: money people paid to use: substitutes for government-issued money are produced and used from time to time even in countries like the United States. Understanding why people turn to these substitutes and to what degree they are successful--or not--can teach us a lot about the elements essential to a well-functioning currency.
Magazine article from: Economic Commentary (Cleveland); 4/1/2008; ; 700+ words
; ...to create a local substitute currency, which we call scrip. Scrip has been issued off and on in the United States by different...overcome liquidity shortages. Every scheme to introduce scrip has involved the same considerations faced by the U...
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R.I. scrip brings back thought of Depression
Newspaper article from: The Boston Globe; 1/8/1991; ; 700+ words
; ...banking crisis during the Depression than scrip, the temporary currency issued by the...streets of Rhode Island later this month. Scrip, essentially a form of IOU, is what Rhode...21, with the balance to be paid them in scrip, until the state can raise more cash from...
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 "The Nation (Karachi, Pakistan)")
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Small scrips trading keeps stock market unchanged.
Newspaper article from: The Nation (Karachi, Pakistan); 11/27/2008; 700+ words
; ...National Assets was the scrip which led the market...on Thursday. Only 24 scrips traded in the bourse...move up while only one scrip moved down and rates of all other scrips remained unchanged. JOVC was the scrip which lost its value...
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Safeway to Participate in Electronic Scrip Program for Nonprofits.
Newspaper article from: Knight Ridder/Tribune Business News; 8/22/1999; ; 700+ words
; ...Safeway is scrapping its paper-based scrip program in exchange for a solely electronic...Safeway will pay San Mateo-based Electronic Scrip Inc. for the service. It is joining other...and Whole Foods, in using eScrip. The scrip program allows a nonprofit to buy paper...
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Bill Modifies Scrip For Scrip Tax Implications Of Corporate Restructures.(Tax Laws Amendment (2008 Measures No 6) Bill 2008)(Law overview)
News Wire article from: Mondaq Business Briefing; 12/18/2008; ; 700+ words
; ...proposing new integrity rules targeted at scrip based corporate restructures that are not...The rules will be most detrimental to scrip takeovers where the target entity is acquired...value of those assets. A review of all scrip takeovers, however, will be required...
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On the motivation for paying scrip dividends.
Magazine article from: Financial Management; 3/22/1997; ; 700+ words
; ...than cash. By comparing firms that pay scrip dividends to firms that do not, I test the hypotheses that scrip dividends are motivated by tax savings...flow problem. I do find, however, that scrip-paying firms have low growth options...
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PAIN-FREE GIVING WITH SCRIP THE CHURCH EARNS DOLLARS WHEN YOU SHOP
Newspaper article from: Evansville Courier & Press; 12/14/2002; ; 700+ words
; ...he'll give you is something called "scrip." It's a kind of gift certificate with...Instead, swap your money for their "scrip" and let your spending habits help them...100 in cash and you get back $100 in scrip that can be honored in scores of locally...
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Utix Group & Scrip Advantage, Inc. Sign Joint Venture Agreement.
PR Newswire; 10/4/2005; 700+ words
; ...distribution and marketing agreement with Scrip Advantage, Inc., a leading direct...Utilizing its bulk purchasing power, Scrip Advantage purchases gift cards and certificates, commonly referred to as "Scrip," at a discount to their face value...
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Land Scrip
Dictionary entry from: Dictionary of American History
LAND SCRIP LAND SCRIP and land warrants were certificates from the Land Office granting people...ownership of certain portions of public lands. Congress authorized issues of scrip — some directly, others only after trial of claims before...
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scrip
Book article from: The Oxford Pocket Dictionary of Current English
scrip 1 / skrip / • n. 1. a provisional...collectively. ∎ (also scrip issue or div·i·dend...the shares already held. 2. (also land scrip ) a certificate entitling the holder to acquire...
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scrip issue
Book article from: A Dictionary of Business and Management
scrip issue ( bonus issue ; capitalization issue ; free issue ) The issue of new...for the new shares and appear to be no better off. However, in a 1 for 3 scrip issue, say, the shareholders receive 1 new share for every 3 old shares...
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prescriptive
Book article from: The Oxford Pocket Dictionary of Current English
pre·scrip·tive / priˈskriptiv / •...the winter's fireside. DERIVATIVES: pre·scrip·tive·ly adv. pre·scrip·tive·ness n. pre·scrip...
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The Continental Corporation
Book article from: International Directory of Company Histories
...premiums, in the form of interest-bearing scrip that could be redeemed for cash at a specified...did after the Chicago fire of 1871, the scrip fund would be tapped to cover them. Despite its success, the scrip program was discontinued before the turn...
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