Scrip

Categories: Tech, Banking

A “scrip” is a certificate, physical or virtual, that entitles us to something and stands in as a substitute for cash. That iTunes gift card we got for our birthday is a scrip, as are subway tokens, credit card points, and certificates that show that we own part of a share of stock. Kohl’s cash is a scrip. The fuel points we get when we shop at our fave grocery store are a scrip.

Basically, if it’s something that acts like money but isn’t quite money, it’s probably a scrip.



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