voucher system

American  

noun

1. Accounting. a procedure for controlling disbursements by means of vouchers.

2. 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 their parents or guardians can select a participating public or private school for the child to attend.

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Etymology

Origin of voucher system

First recorded in 1880–85

Example Sentences

“Not only does this remove an important disincentive to living kidney donation, but it is the right thing to do for the generous people who are donating a kidney to a stranger. Donors can now donate a kidney and still provide security for their loved ones should they need a kidney transplant in the future,” Dr. Jeff Veale, who helped pioneer the voucher system, said in a statement at the time of the program update.

From Los Angeles Times

“We hit a head last year when we got to spending almost $700 million out of the general fund to the universal voucher system,” she said.

From Salon

Workers at Meta have reportedly been sacked for abusing the tech firm's meal voucher system, such as using it to buy toothpaste and washing powder.

From BBC

It would replace the existing Medicare system, which reimburses healthcare providers for all covered care they administer to enrollees, with a “premium support” or voucher system in which enrollees would receive a fixed amount they could use to purchase a health plan.

From Los Angeles Times

The Austrian government's repair voucher system, which is financed through the Covid Recovery Fund, is just for electrical appliances.

From BBC