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Company scrip is scrip (a substitute for government-issued legal tender or currency) issued by a company to pay its employees. It can only be exchanged in company stores owned by the employers. [ 1 ] [ 2 ] [ 3 ] In the United Kingdom , such truck systems have long been formally outlawed under the Truck Acts .
Workers there were paid in scrip, which could only be used at the company's store. In 1907, textile workers, fed up with this system, went on labor strike and attacked and looted the company store. The Mexican military responded harshly, gunning down many of the strikers.
A scrip (or chit in India) is any substitute for legal tender.It is often a form of credit.Scrips have been created and used for a variety of reasons, including exploitative payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or occupied countries in wartime.
Canadian Tire money, officially Canadian Tire 'money' [1] [2] or CTM, is a loyalty program operated by the Canadian retail chain Canadian Tire Corporation (CTC). It consists of both paper coupons introduced in 1958 and used in Canadian Tire stores as scrip, and since 2012 in a digital form introduced as Canadian Tire Money Advantage, rebranded in 2018 as Triangle Rewards.
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Brass trade token from Fort Laramie, Dakota Territory, used in a truck system. Truck wages are wages paid not in conventional money but instead in the form of payment in kind (i.e. commodities, including goods and/or services); credit with retailers; or a money substitute, such as scrip, chits, vouchers or tokens.
The booming U.S. stock market will help keep the dollar expensive as global investors pour money into America, a foreign exchange strategist said. But the politics of any trade deals that the ...