Gift voucher meaning

gift voucher meaning

From Longman Dictionary of Contemporary English.
5 In 2012, over 100 billion in gift cards will be purchased in the United States, where over 20 of those gift cards will go unredeemed or unused.As an incentive to a purchaser.This has amassed a large opportunity in the secondary market, similar to the secondary ticket market in the early 2000s.12 A quarter of gift card recipients still have not spent gift cards a year after receiving them, according to a Consumer Reports survey.A gift card (also known as gift certificate in North America, or gift voucher or gift token in the UK 1 ) is a prepaid stored-value money card usually issued by a retailer or bank to be used landal kortingsbon groenrijk as an alternative to cash for purchases.Gift cards thus are generally not stored-value cards as used in many public transport systems or library photocopiers, where a simplified system (with no code promo promovacances novembre 2018 network) stores the value only on the card itself.19 Most notably, the new regulations prohibit retailers from setting expiration dates unless they are at least 5 years after the cards date of issue or the date on which funds were last added to the card.In the United States, many jurisdictions limit or prohibit all fees or expiration dates for gift cards.For example, gift cards that resemble credit cards (i.e.Levitt (January 7, 2007).In addition, retailers are no longer able to assess dormancy, inactivity, or service fees unless the card has been inactive for at least 12 months, and if fees are added after that period, the details of such fees must be clearly disclosed on the card.

Related topics: Trade gift tokengift token (also gift voucher) noun countable British English BBTa special piece of paper that is worth a particular amount of money when it is exchanged for goods in a shop, often given as a present, sYN gift certificate American EnglishFrom Longman.