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Meaning of voucher system

vouch'er sys"tem

Pronunciation: [key]
  1. a procedure for controlling disbursements by means of vouchers.
  2. Also calleda 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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.