Meaning :

A voucher is characterized as a document or alphanumeric code that  facilitates a discount, permits the redemption of a product, or acts as a confirmation of  payment.

Example:  For example, a ₹200 Amazon voucher can be utilized to lower the total cost  when purchasing items from Amazon.

How to Understand :  

A voucher operates as prepaid money or a discount coupon, providing a means to offset  costs during the acquisition of goods or services.

Importance :

Vouchers are instrumental in reducing overall expenses, making purchases more  financially accessible.

They are frequently employed in business environments for accurate accounting and  reimbursement practices.

Vouchers promote strategic and intentional shopping habits, fostering responsible  consumer behavior.

They are also advantageous for gifting, offering recipients the flexibility to select  products of their choice.