Definition of scrip

• n. - A small bag; a wallet; a satchel.
• n. - A small writing, certificate, or schedule; a piece of paper containing a writing.
• n. - A preliminary certificate of a subscription to the capital of a bank, railroad, or other company, or for a share of other joint property, or a loan, stating the amount of the subscription and the date of the payment of the installments; as, insurance scrip, consol scrip, etc. When all the installments are paid, the scrip is exchanged for a bond share certificate.
• n. - Paper fractional currency.