- Dividend or interest paid on the form of a temporary certificate (which is a scrip) which represents the company's promise to pay a cash dividend. This occurs when earnings are sufficient, but the issuer wishes to conserve cash holdings. Holders are not offered any choice.
Euroclear glossary. 2008.
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scrip payment — Dividend or interest paid on the form of a temporary certificate (which is a scrip) which represents the company s promise to pay a cash dividend. This occurs when earnings are sufficient, but the issuer wishes to conserve cash holdings. Holders… … Financial and business terms
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scrip dividend — noun Etymology: scrip (II) : a dividend payable in promissory notes instead of cash * * * a dividend issued in the form of a note entitling the holder to a cash payment at a specified later date. [1880 85] … Useful english dictionary
scrip — scrip1 scripless, adj. /skrip/, n. 1. 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… … Universalium
scrip dividend — a dividend issued in the form of a note entitling the holder to a cash payment at a specified later date. [1880 85] * * * … Universalium