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scrip

 (n): a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency
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3 months ago kewpid said: scrip bid/issue

A corporate takeover offer where shares are offered in place of cash. This is tax advantageous because capital gains tax is halved if the shares are held for more than 12 months.

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first listed by:
pompom246 (19 words)
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