Scrip (Noun)
Meaning
A certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company issued scrip to its employees as part of their compensation package, which could be redeemed for cash or merchandise.
- During the Great Depression, many cities issued scrip to help the homeless and unemployed purchase basic necessities.
- The hospital gave scrip to patients who could not afford medication, which could be used to purchase prescriptions at participating pharmacies.
- The government issued scrip to compensate citizens who had lost property during the natural disaster, redeemable for rebuilding materials.
- The coupons given to customers by the store were considered scrip, as they could be used to purchase specific items or redeemed for cash.