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Rating:A voucher is a bond which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include housing, travel, 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.
read moreA school voucher, also called an education voucher, is a certificate issued by the government, which parents can apply toward tuition at a private school, rather than at the state school to which their child is assigned. An alternative to the education voucher is the education tax credit, which allows individuals to use their own money to pay for the education of their children or to donate money towards the education of other children.
read moreVoucher privatization is a privatization method where citizens are given or can inexpensively buy a book of vouchers that represent potential shares in any state-owned company. Voucher privatization has mainly been used in the early-to-mid 1990s in the transition economies of Central and Eastern Europe - countries such as Russia, Poland, Bulgaria, Slovenia and Czechoslovakia. A way in which vouchers are used for partial privatization is the government requiring taxpayers to pay for a service whether they use it or not and allowing them to choose their service provider.
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