Money order

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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

A certificate entitling the payee (and sometimes simply the holder) to the stated amount of cash immediately upon receipt by the appropriate organization. For example, one may send a money order through the U.S. Postal Service; when the payee receives the money order he/she can present it to the Post Office and receive the requisite cash. The money order is considered secure because the issuing body must receive cash in advance of providing the money order. Some companies prefer money orders to checks because money orders do not bounce. However, their relative anonymity can be used for money laundering and other illegal purposes. As a result, banks and other organizations issuing money orders often place a limit on how much can be sent, and brokerages do not generally accept them for payment. An issuer charges a fee in exchange for writing a money order. See also: Certified check, Western Union.

Money order.

A money order entitles the person named as payee on the order to receive the specific amount of cash shown on the order.

You can use money orders in place of checks if you don't have a checking account or if the payee requires a guaranteed form of payment. You can purchase money orders at banks, post office branches, credit unions, and other financial institutions.

You can use money orders to send money internationally as well as within the United States. The United States Postal Service (USPS) has agreements with 30 countries that allow recipients to cash USPS money orders in post offices in those countries.

Sellers sometimes impose a limit on the size of the money orders they sell, and they typically charge a fee for each order. However, those fees are less than for guaranteed bank checks. One drawback of a money order is that you have no proof that payment was received.

References in periodicals archive ?
Special delivery) for realization of the post office designated and phrases such consignments to the sender after exhausting the possibilities of delivery or release of the recipient; Package III - postal services consisting of the implementation of postal money orders.
Contract notice: Implementation of cash postal money orders.
Contract notice: Services providing your cash - handling of postal money orders in polish to the tax chambers and customs chambers.
34 of the PSA and non-universal postal services~ Notice of delivery "," Cash "," Postal money orders "and" delivery address of the recipient.
The contract is for the provision of postal services and complementary services to the Tax Chamber in Krakow and Malopolska tax offices participating in the joint order mentioned in Annex 7 to the Terms of Reference for the reception, transport and delivery of postal items, their possible returns, domestic and foreign, and to adopt, transport and delivery of postal money orders in domestic and their possible returns.
Implementation of postal money orders and their possible returns in the absence of their delivery.