What is a land certificate issued to repay loans made to the government called?

A land certificate issued to repay loans made to the government is referred to as "loan scrip." This term represents a form of financial instrument that allows for the exchange of scrip for land, typically as part of a government program designed to encourage settlement or development. The concept of loan scrip was utilized in various historical land grants where individuals could obtain land by providing some form of promise to the government, often in the form of loans connected to agricultural or developmental projects.

In this context, loan scrip involves the idea of leveraging land as a means of fulfilling financial obligations to the government, essentially making it easier for individuals to obtain land while also enabling the government to manage its loans effectively. This form of scrip becomes a critical part of financial systems dealing with land acquisition and development initiatives.