Accounting. a procedure for controlling disbursements by means of vouchers.
Also called voucher plan. Education. a plan in which each school-age child receives a publicly funded entitlement worth a fixed amount of money with which his or her parents can select a participating public or private school.
Origin of voucher system
First recorded in 1880–85
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019