Scrip - Indian Laws - General

Scrip As per Black s Law Dictionary , 4th Edition SCRIP . Certificates of ownership, either absolute or conditional, of shares in a public company, corporate profits, etc. An acknowledgment by the projectors of a company or the issuers of a loan that the person named therein (or more commonly the holder for the time being of the certificate) is entitled to a certain specified number of shares, debentures, bonds, etc. It is usually given in exchange for the letter of allotment, and in its turn is given up for the shares, debentures, or bonds which it represents. Scrip certificate.