money order
paper slip which can be cashed for its value, bank order similar to a check
Money order
A money order is a payment order for a pre-specified amount of money. It is a more trusted method of payment than a personal check, because it is required that the funds be prepaid for the amount shown on it. Merchants may welcome the extra security of a pre-paid money order instead of a personal check, which can bounce.
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money order
Noun
1. a written order for the payment of a sum to a named individual; obtainable and payable at a post office
(synonym) postal order
(hypernym) draft, bill of exchange, order of payment
Money order
A financial
instrument backed by a deposit at a certain firm such as a bank that can be easily converted into cash.
money order
An instrument used to remit money to the named payee, often used by persons who do not have a current account with a financial institution, to pay bills or to transfer money to another person or to a company. There are three parties to a money order: the remitter (payer), the payee and the drawee. Drawees are usually financial institutions or post offices. Payees can either cash their money orders or present them to their bank for collection.
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