Proxy
From MTG Salvation Wiki
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A proxy is a card that represents another card in casual play. Vintage tournaments often allow unsanctioned use of 10 proxys to keep costs down. Having the original power 9 in a deck can be well over $4000.
For instance, the chances that a player owns a Black Lotus are slim, but if s/he has his/her opponent's permission, the player and opponent could play with the understanding that a different card represents a Black Lotus. A proxy may be a card with different text written over it, with a piece of paper with the text written on it taped over it, with the text paper inserted into its card protector over it, or anything else the players agree upon.

