A travel voucher is used by business travelers to track expenses and allow employers to compensate for out-of-pocket expenses. It is also used by travel companies to provide proof of travel and compensate for canceled trips. Airlines may offer vouchers for canceled or oversold flights, and may compensate passengers for overnight stays. A travel voucher […]
A voucher check is a check attached to a stub that explains the purpose of the check, often used to simplify record-keeping systems. It provides a record for both the issuer and payee, and some companies use it for payroll processing, including information about taxes, withholdings, and deductions. A voucher check is a type of […]
A redemption bond is issued to refinance existing bonds by buying low-risk government securities with the money obtained from the redemption transaction, which is then deposited in an escrow account to pay down outstanding bond debt. The issuer is discharged from debt on those bonds but still has to pay the newly issued redemption bond. […]
