AskDefine | Define voucher

Dictionary Definition

voucher

Noun

1 someone who vouches for another or for the correctness of a statement [syn: verifier]
2 a document that serves as evidence of some expenditure
3 a negotiable certificate that can be detached and redeemed as needed [syn: coupon]

User Contributed Dictionary

English

Pronunciation

Noun

  1. A piece of paper that entitles the holder to a discount, or that can be exchanged for goods and services.
  2. A receipt.
Translations
A piece of paper that entitles the holder to a discount, or that can be exchanged for goods and services
A receipt

Verb

  1. To establish the authenticity of; to vouch for.
  2. To provide a vouch for (an expenditure).
  3. To provide (a beneficiary) with a voucher.

Extensive Definition

A voucher is a bond which is worth a certain monetary value and which may only be spent for specific reasons or on specific goods. Examples include — but are not limited to — housing and food vouchers. The term voucher is also a synonym for receipt, and is often used to refer to receipts used as evidence of, for example, the declaration that a service has been performed or that an expenditure has been made.
The term is also commonly used for education vouchers which are somewhat different.

In tourism

Vouchers are used in the tourism sector primarily as proof of a named customer's right to take a service at a specific time and place. Service providers collect them to return to the tour operator or travel agent that has sent that customer, to prove they have given the service. So, life of a voucher is as below:
  1. Customer receives vouchers from tour operator or travel agent for the services bought
  2. Customer goes to vacation site and forwards the voucher to related provider and asks for the service to be given
  3. Provider collects the vouchers
  4. Provider sends collected vouchers to the agent or operator that sends customers from time to time, and asks for payment for those services
  5. Uncollected vouchers do not deserve payment
This approach is most suitable for Free Individual Tourist activities where pre-allocation for services are neither necessary, nor feasible or applicable. It was customary before the information era when communication was limited and expensive, but now has been given quite a different role by B2C applications. When a reservation is made through the internet, customers are often provided a voucher through email or a web site that can be printed. Providers customarily require this voucher be presented prior to providing the service.

In Accounts Payable

A voucher is an accounting document usually produced after receiving a vendor invoice, after the invoice is successfully matched to a Purchase Order. It represents an internal intent to make a payment to the vendor in the amount of the voucher. In Accounts Payable systems, a process called a payment run is executed to generate payments corresponding to the unpaid vouchers. These payments can then be released or held at the discretion of an Accounts Payable supervisor or the company Controller.

In Mobile Phones

A voucher is a recharge number sold to a customer to recharge their SIM card with money and to extend the card's availability period.

See also

voucher in Czech: Voucher
voucher in German: Gutschein
voucher in Italian: Voucher
voucher in Dutch: Waardebon
voucher in Polish: Voucher
voucher in Russian: Ваучер
voucher in Finnish: Palveluseteli
voucher in Ukrainian: Ваучер
voucher in Contenese: 券

Synonyms, Antonyms and Related Words

CD, IOU, MO, acceptance, acceptance bill, acknowledgment, acquittance, advocacy, advocating, advocation, affidavit, attestant, attestation, attestator, attester, authority, authorization, bank acceptance, bank check, bill, bill of draft, bill of exchange, bill of health, blank check, bystander, canceled check, certificate, certificate of character, certificate of deposit, certificate of proficiency, certification, certified check, character, character reference, check, checkbook, cheque, cojuror, commercial paper, compurgator, credential, debenture, demand bill, demand draft, deponent, deposition, diploma, discharge, draft, due bill, earwitness, exchequer bill, eyewitness, informant, informer, letter of credit, letter of introduction, money order, navicert, negotiable instrument, notarized statement, note, note of hand, paper, passerby, patronage, postal order, promissory note, quittance, receipt, receipt in full, recommend, recommendation, reference, release, sheepskin, sight bill, sight draft, spectator, swearer, sworn statement, testamur, testifier, testimonial, ticket, time bill, time draft, trade acceptance, treasury bill, visa, vise, warrant, warranty, witness
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