scrip
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
Law noun
A provisional certificate entitling the holder to shares, often issued in lieu of a cash dividend.
The company offered a scrip dividend, allowing shareholders to take new shares instead of cash.
Business noun
Shares issued as payment instead of cash, especially as deal consideration or a dividend.
Part of the consideration was paid in scrip, so target shareholders ended up owning a slice of the enlarged group.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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