voucher

vouch·er   (vou'chər)    n.   A piece of substantiating evidence; a proof. A written record of expenditure, disbursement, or completed transaction. A written authorization or certificate, especially one exchangeable for cash or representing a credit against future expenditures. tr.v.   vouch·ered, vouch·er·ing, vouch·ers To substantiate or authenticate with evidence. To prepare a voucher for: properly vouchering each transaction. To issue a voucher to: a company that vouchers employees when the payroll cannot be met.

voucher

A credit of a certain monetary value that can be used only for a specified purpose, such as to pay for housing or for food. Food stamps are a kind of voucher.

Note: Some economists believe that goods and services supplied by the government would be provided more efficiently if vouchers that could be spent only on such goods and services were given to citizens, and private business competed to provide those goods and services.

voucher 

Voucher

A document recording a liability or allowing for the payment of a liability, or debt. A voucher would be held by the person or company who will receive payment.

Investopedia Commentary

For example, if a supplier has documentation that provides evidence that they are owed money for supplies they sold, they would have a voucher. Vouchers are used as evidence that a transaction has taken place and that there is a liability by one of the parties to the transaction.

Related Links

Off-Balance-Sheet Entities: The Good, The Bad And The Ugly
How To Read Footnotes - Part 1

See also: Accounts Payable - AP, Accounts Receivable - AR, Debt, Liability

Main Entry: vouch·er
Pronunciation: 'vau-ch&r
Function: noun
Etymology: Anglo-French, summoning of a person to guarantee title, from voucher to summon
1 : a documentary record of a business transaction
2 : a written affidavit or authorization
3 : a form or check indicating a credit against future purchases or expenditures