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scrip
(redirected from SCRIPS)

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.
scrip, temporary substitute for money, securities, or other valuable claims. Business enterprises and municipalities have at times, especially when short of cash, paid employees in scrip, and communities have facilitated trade by using it. Various devices have made it acceptable, e.g., a store that would receive it in exchange for goods. The term scrip has also been applied to money of fractional denominations, and to gift certificates and the like that can be used to pay for purchases from stores, restaurants, and other businesses.

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SCRIPS is a data capture, management and storage system that processes three IRS forms -- 1040EZ returns, IRP Form 1099s, and Federal Tax Deposits (FTDs).
The previous processors were limited in the functions that they could perform and couldn't handle input from all the high-volume scanners concurrently, so the overall SCRIPS system could not run at full capacity," said Judy Thomas, SCRIPS project manager at the IRS.
7 million order from Northrop Grumman, the systems integrator for the IRS SCRIPS project, for upgrades to the 19 scanning and tax processing systems used in the project.
 
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