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 are not offered any choice.

Euroclear glossary. 2008.

Look at other dictionaries:

  • 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

  • Scrip — issued by the Capitol Hill Baby Sitting Co op, worth ½ hour of babysitting time. Scrip is an American term for any substitute for currency which is not legal tender and is often a form of credit. Scrips were created as company payment of… …   Wikipedia

  • Scrip — Scrip, n. [From script.] 1. A small writing, certificate, or schedule; a piece of paper containing a writing. [1913 Webster] Call them generally, man by man, according to the scrip. Shak. [1913 Webster] Bills of exchange can not pay our debts… …   The Collaborative International Dictionary of English

  • scrip dividend — An issue of shares to an investor in lieu of a cash dividend ( dividends). The value of the shares will be designed to equal the value of the cash dividend foregone. This may be useful for investors who wish to increase their investment in the… …   Financial and business terms

  • Scrip of Edo period Japan — During the Edo period, feudal domains of Japan issued scrip called nihongo| hansatsu |藩札 for use within the domain. This paper currency supplemented the coinage of the Tokugawa shogunate. Most scrip carried a face value in silver coinage, but… …   Wikipedia

  • scrip issue — See bonus issue. Dresdner Kleinwort Wasserstein financial glossary (Also bonus issue / capitalisation issue) Euroclear Clearing and Settlement glossary Security holders are awarded additional assets free of payment from the issuer in proportion… …   Financial and business terms

  • Scrip cash dispenser — A scrip cash dispenser is a computerized telecommunications device that allows a financial institution s customers a secure method of receiving cash in a retail location without the assistance of a cashier.UsageWith a scrip cash dispenser, the… …   Wikipedia

  • 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

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