scrip(n = noun.possession) - a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency;
is a kind of certificate, security

   A small bag; a wallet; a satchel. Chaucer. [1913 Webster]
"And in requital ope his leathern scrip." [1913 Webster]

1.  A small writing, certificate, or schedule; a piece of paper containing a writing. [1913 Webster]
"Call them generally, man by man, according to the scrip." [1913 Webster]
"Bills of exchange can not pay our debts abroad, till scrips of paper can be made current coin." [1913 Webster]

2.  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. [1913 Webster]

3.  Paper fractional currency. [1913 Webster]

scrip, n.
1 a provisional certificate of money subscribed to a bank or company etc. entitling the holder to a formal certificate and dividends.
2 (collect.) such certificates.
3 an extra share or shares instead of a dividend.

Etymology:
abbr. of subscription receipt

N  receptacle, inclosure, recipient, receiver, reservatory, compartment, cell, cellule, follicle, hole, corner, niche, recess, nook, crypt, stall, pigeonhole, cove, oriel, cave, capsule, vesicle, cyst, pod, calyx, cancelli, utricle, bladder, pericarp, udder, stomach, paunch, venter, ventricle, crop, craw, maw, gizzard, breadbasket, mouth, pocket, pouch, fob, sheath, scabbard, socket, bag, sac, sack, saccule, wallet, cardcase, scrip, poke, knit, knapsack, haversack, sachel, satchel, reticule, budget, net, ditty bag, ditty box, housewife, hussif, saddlebags, portfolio, quiver, chest, box, coffer, caddy, case, casket, pyx, pix, caisson, desk, bureau, reliquary, trunk, portmanteau, band-box, valise, grip, grip sack, skippet, vasculum, boot, imperial, vache, cage, manger, rack, vessel, vase, bushel, barrel, canister, jar, pottle, basket, pannier, buck-basket, hopper, maund, creel, cran, crate, cradle, bassinet, wisket, whisket, jardiniere, corbeille, hamper, dosser, dorser, tray, hod, scuttle, utensil, brazier, cuspidor, spittoon, cistern, vat, caldron, barrel, cask, drum, puncheon, keg, rundlet, tun, butt, cag, firkin, kilderkin, carboy, amphora, bottle, jar, decanter, ewer, cruse, caraffe, crock, kit, canteen, flagon, demijohn, flask, flasket, stoup, noggin, vial, phial, cruet, caster, urn, epergne, salver, patella, tazza, patera, pig gin, big gin, tyg, nipperkin, pocket pistol, tub, bucket, pail, skeel, pot, tankard, jug, pitcher, mug, pipkin, galipot, gallipot, matrass, receiver, retort, alembic, bolthead, capsule, can, kettle, bowl, basin, jorum, punch bowl, cup, goblet, chalice, tumbler, glass, rummer, horn, saucepan, skillet, posnet, tureen, beaker, flask, Erlenmeyer flask, Florence flask, round-bottom flask, graduated cylinder, test tube, culture tube, pipette, Pasteur pipette, disposable pipette, syringe, vial, carboy, vacuum flask, Petri dish, microtiter tray, centrifuge tube, bail, beaker, billy, canakin, catch basin, catch drain, chatti, lota, mussuk, schooner, spider, terrine, toby, urceus, plate, platter, dish, trencher, calabash, porringer, potager, saucer, pan, crucible, glassware, tableware, vitrics, compote, gravy boat, creamer, sugar bowl, butter dish, mug, pitcher, punch bowl, chafing dish, shovel, trowel, spoon, spatula, ladle, dipper, tablespoon, watch glass, thimble, closet, commode, cupboard, cellaret, chiffonniere, locker, bin, bunker, buffet, press, clothespress, safe, sideboard, drawer, chest of drawers, chest on chest, highboy, lowboy, till, scrutoire, secretary, secretaire, davenport, bookcase, cabinet, canterbury, escritoire, etagere, vargueno, vitrine, chamber, apartment, room, cabin, office, court, hall, atrium, suite of rooms, apartment, flat, story, saloon, salon, parlor, by-room, cubicle, presence chamber, sitting room, best room, keeping room, drawing room, reception room, state room, gallery, cabinet, closet, pew, box, boudoir, adytum, sanctum, bedroom, dormitory, refectory, dining room, salle-a-manger, nursery, schoolroom, library, study, studio, billiard room, smoking room, den, stateroom, tablinum, tenement, bath room, bathroom, toilet, lavatory, powder room, john, jakes, necessary, loo, men's room, ladies' room, rest room, (uncleanness), 653 attic, loft, garret, cockloft, clerestory, cellar, vault, hold, cockpit, cubbyhole, cook house, entre-sol, mezzanine floor, ground floor, rez-de-chaussee, basement, kitchen, pantry, bawarchi-khana, scullery, offices, storeroom, lumber room, dairy, laundry, coach house, garage, hangar, outhouse, penthouse, lean-to, portico, porch, stoop, stope, veranda, patio, lanai, terrace, deck, lobby, court, courtyard, hall, vestibule, corridor, passage, breezeway, ante room, ante chamber, lounge, piazza, veranda, conservatory, greenhouse, bower, arbor, summerhouse, alcove, grotto, hermitage, lodging, bed, carriage, capsular, saccular, sacculated, recipient, ventricular, cystic, vascular, vesicular, cellular, camerated, locular, multilocular, polygastric, marsupial, siliquose, siliquous.