Republic Acts1 min read
Section 4Sec./Art. 4
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Definition of Terms. - As referred to in this Act,
(a) Gift Check, also referred to as Gift Certificate or Gift Card, is any instrument issued to any person, natural or juridical, for monetary consideration, honored upon presentation at a single merchant or an affiliated group of merchants as payment for consumer goods or services. The instrument may be in the form of paper, card, code, or other device, and shall remain valid until the cessation of business of the issuer.
(b) Coupon or Voucher is any instrument issued to any person, natural or juridical, for monetary consideration or otherwise, that entitles the holder to a discount off a particular good or service, or that may be exchanged for a pre-identified good or service specified on the instrument.
(c) Issuer is any person, natural or juridical, who provides the instrument that holds value for which consumer goods or services will be exchanged.1avvphi1
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