properly any written document; the word is a corruption of "script" (Lat. scribere, to write), possibly from an assimilation with "scrip," a pilgrim's bag or wallet, which is borrowed from the Scandinavian (cf. Nor. skreppa, knapsack), and is ultimately cognate with "scrap," shred. In commercial usage, "scrip" is a document or certificate issued by a public company when instalments upon its shares are payable at different dates, or the whole amount to be paid has not been called up. Such a document entitles the person named to be treated as the allottee of the shares mentioned; it is transferable, and entitles the allottee on payment of all the calls to a share certificate. Scrip requires a penny stamp impressed upon it. The word is frequently loosely used for the share certificates or shares collectively.