scrip etymology

Etymology

The word "scrip" comes from the Latin word "scripta," meaning "written."

Meaning and Origin

• In ancient Rome, a "scripta" was a small writing tablet or notebook.
• It was used by students and scribes to take notes or record messages.
• Over time, the word "scrip" came to refer to a written document, especially one that was used as a record of a financial transaction.
• In the Middle Ages, "scrip" was used for promissory notes, certificates of debt, and receipts.
• In the 16th century, the term "scrip" was also applied to shares of stock in a company.
• In modern usage, "scrip" can refer to various types of financial instruments, including:
  • A certificate that represents ownership of a share of stock
  • A promissory note or bond
  • A voucher or coupon that can be redeemed for goods or services
  • A government-issued voucher used in place of currency in times of economic hardship

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