Define: Voucher

Voucher
Voucher
Quick Summary of Voucher

A voucher is a document that serves as evidence of payment or authorization to spend money. It can also refer to a person who validates the truth of something, such as a witness. Historically, it was also used to denote a tenant in a legal record.

Full Definition Of Voucher

A voucher is a document that serves as proof of payment or debt settlement. It can also be a written or printed authorization to release funds. For instance, when you pay your rent, your landlord may issue a receipt as a voucher to confirm your payment. Similarly, companies may provide vouchers to employees for business expenses like travel or meals. In the past, a voucher could also refer to a person who acted as a witness to support a warranty of title. It was also the tenant in a writ of right. Overall, a voucher is a valuable document that offers evidence of payment or permission to spend money.

Voucher FAQ'S

A voucher is a document that serves as proof of a transaction or payment made.

There are different types of vouchers, including cash vouchers, gift vouchers, travel vouchers, and payment vouchers.

Yes, vouchers can be used as legal documents to prove a transaction or payment made.

Yes, vouchers are taxable if they are used to purchase taxable goods or services.

It depends on the terms and conditions of the voucher. Some vouchers may be refundable, while others may not be.

It depends on the terms and conditions of the voucher. Some vouchers may be transferable, while others may not be.

Yes, vouchers can expire if they have an expiration date specified in the terms and conditions.

If a voucher is lost or stolen, it may not be replaceable. It is important to keep vouchers in a safe place.

It depends on the terms and conditions of the voucher. Some vouchers may be used in conjunction with other offers or discounts, while others may not be.

Yes, there are legal requirements for vouchers, including disclosure of terms and conditions, expiration dates, and refund policies.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 17th April 2024.

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