Scottish National Dictionary (1700–)
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First published 1968 (SND Vol. VII).
This entry has not been updated since then but may contain minor corrections and revisions.
¶RIP, n.4 A counterfeit piece of money (Sc. 1808 Jam.).
[Orig. doubtful. Phs. an extended use of colloq. Eng. rip, a worthless article, or an altered form of rap, a counterfeit Irish half-penny.]