- an issue of free shares distributed pro rata to existing stockholders instead of a dividend.
Also called scrip issue.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- British an issue of shares made by a company without charge and distributed pro rata among existing shareholdersAlso called: scrip issue
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012