what is a scrip election 
a scrip election gives shareholders the right to choose or elect to receive a scrip dividend instead of a cash dividend the bottom linea scrip is an alternative to legal tender and it entitles its bearer to some amount of value historically scrips have been used to pay workers or to circulate a substitute of money in communities where currency was in short supply today scrips can be found in the form of gift cards store credit and loyalty point programs 