subscription

agreement to contribute money

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A customer exchanges a simple paper token marked only 5 for groceries at a cooperative counter, token as money substitute, no other labels or writing.

noun

scrip

SKRIP/skrɪp/

A voucher or certificate used as money in limited settings.

Etymology

scripEnglishagreement to contribute money

Commercial scrip probably shortens “subscription receipt,” originally a receipt for part of a subscribed loan. Such evidence of entitlement developed into a certificate that could itself serve as currency.

Full entry

Related word entries

scrip