Pronunciation: [skɹˈɪp] (IPA) 
The word "scrip" is spelled /skrɪp/ in IPA phonetic transcription. It is a short word with five letters and two sounds. The first sound is /sk/, which is a consonant cluster made up of the letters "s" and "k". The second sound is /rɪp/, which is a vowel followed by a consonant. The word "scrip" can mean a variety of things, such as a small piece of paper or a certificate that can be traded for goods or services.
Scrip, in its most general sense, refers to a type of document or certificate that represents a form of credit, ownership, or governmental authorization. This term has diverse applications across various contexts.
In the realm of finance, scrip can denote a form of currency or monetary substitute, often issued by a private company, local government, or trade union. It is typically used when regular currency is unavailable or in short supply. These scrips can be used only within specific institutions or regions and may have limited acceptance outside the issuing authority. Examples of scrip include company scrip, which can be redeemed only within the issuing company, and local currency, designed to stimulate regional commerce.
In the field of corporate governance, scrip refers to the issuance of additional shares to existing shareholders, usually as an alternative to cash dividends. This method allows the company to retain funds, promoting capital appreciation, while shareholders receive additional shares in proportion to their existing holdings.
Furthermore, the term scrip can also refer to a written provision or order, such as a promissory note or voucher, generally associated with formal legal documents or financial transactions.
In summary, scrip refers to various forms of financial instruments, documents, or certificates that represent currency, ownership, credit, or official authorization, depending on the particular context in which it is used.
• The receptacle of what the beggar scrapes together; a small bag or wallet.
• A piece of paper containing writing; a certificate of stock or shares in a railway or other public company, while partly paid up; a bond, share, or other marketable security.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "scrip" originated from the Latin word "scribere", meaning "to write". It entered Middle English from Old French as "scrippe", referring to a small bag or wallet used to carry money or documents. The term gradually evolved to encompass various forms of certificates or vouchers issued as a substitute for currency or shares of stock.
