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of <h1>Understanding Scrip: Certificates Indicating Ownership of Shares or Corporate Profits in Public Companies</h1> Scrip refers to certificates indicating ownership, either absolute or conditional, of shares in a public company or corporate profits. It serves as an acknowledgment from a company's projectors or loan issuers that the certificate holder is entitled to a specific number of shares, debentures, or bonds. Typically, scrip is exchanged for a letter of allotment and subsequently surrendered for the actual shares, debentures, or bonds it represents.
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