Definition: A proof of purchase which omits key information, including the price paid for the item. A gift receipt is provided by many retail stores to facilitate the easy return and exchange of products purchased. It provides the receipient of the merchandise the ability to comply with the store's "return with receipt" policy without immediately advertising how much the gift giver spent for the purchase.
Also Known As: proof of purchase, exchange receipt, barcode receipt
Common Misspellings: gift receit, gift recepit
Examples: The cashiers at Target stores can povide a gift receipt with a printed barcode which connects to their database and authenticates the original purchase.
