gift certificate

noun
a certificate entitling the bearer to select merchandise of a specified cash value from a store, usually presented as a gift.

Origin:
1940–45

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Provides that a gift certificate may not expire or be subject to a fee unless certain conditions are met.
When the gift certificate is used, the sales tax is charged if a taxable purchase is made.
The customer uses the gift certificate as if it were cash to pay for his or her purchases.
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