scrip

(redirected from land scrip)
Also found in: Dictionary, Thesaurus, Medical, Financial.
Related to land scrip: Land warrant

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.

scrip

, script
Informal a medical prescription
References in periodicals archive ?
Greet, a "western" candidate, proposed paying the foreign (outside Texas) creditors at the scaled values in 3 percent state bonds or in land scrip (Texas State Gazette, April 15, 1851), the market values of both of which were or would have been considerably below their face values.
(7.) Consistent with this discrimination against foreign creditors, Texas paid out two dollars in land scrip to domestic holders of the debt per one dollar of debt, but only one dollar in land scrip to foreign holders of the debt per one dollar in debt (Bicknell's Reporter, April 9, 1850).
Stuart Edwards' 1931 legal opinion: "The Dominion had taken the stand that the obligation of the Crown to redeem the notes may properly be held to constitute a 'Trust' existing in respect of lands, mines, minerals, and royalties transferred to the respective Provinces under Clause 1 of each of the Natural Resources Agreements." He calculated that there were outstanding land scrip notes for 12,900 acres and money scrip for $3081.72 in Alberta.
On November 5, 1849, the Texas governor proposed to exchange the debt as scaled for land scrip, which at the time was trading for fifteen cents on the dollar because of the glut of outstanding land grants (Bicknel's Reporter, December 4, 1849; Gouge [1852 ] 1969, 161).