Gift check

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. (Sec. 4(a), R.A. No. 10962)