A money order is a check issued by an organization such as the Postal Service or sold by third parties such as grocery stores, convenience stores, or banks and other financial services companies, to allow individuals to make payments to each other or to pay bills such as utilities and rent. A money order is purchased for the amount desired. In this way it is similar to a certified check. The main difference is that money orders are usually limited in face value to some specified figure (usually under $1,000) while certified checks are not. A money order is usually considered safer for payments from parties unknown to the payee, as opposed to a personal check drawn on the maker's bank account, since a money order is generally guaranteed cashable by the receiving party, unlike an ordinary check. In recent years, partly for this reason, and partly for convenience, money orders have also been much used as payment for goods bought over the Internet; such transactions more often take place between two private individuals than is the case for non-Internet transactions, which are most often between individuals on the one hand and commercial companies on the other.
A Money Order is a currency transaction instrument drawn on the funds of the Members' Account or in exchange for cash or verified check equivalent. Since the funds are guaranteed by Integrated Payment Systems, the amount is collected from the member at the time of purchase. Since these are guaranteed funds, an IPS Money Order should be handled as a cash transaction at any other financial institution. Once the funds are collected, a Money Order is issued to the member for the equivalent amount. The Money Order is dated and made payable by the member when the member is ready to use the Money Order. Money Orders act as a guaranteed version of a personal check.
A Money Order is a negotiable instrument that replaces cash. The maximum value per money order is $1,000.
Order for the payment of a specified amount of money, usually issued and payable at a bank or post office. Back to the Top National Futures Association (NFA) — Futures industry trade association which promulgates rules of conduct and mediates disputes between customers and brokers. Back to the Top Offer — A motion to sell a commodity at a specified price. Opposite of bid. The Offer price is the price at which a dealer offers to sell a commodity. Back to the Top Palladium — A chemical element with symbol Pd and atomic number 46. A rare silver-white transition metal of the platinum group, palladium resembles platinum chemically and is extracted from some copper and nickel ores. It is primarily used as an industrial catalyst and in jewelry.
a written order for the payment of a sum to a named individual; obtainable and payable at a post office
a cashier or bank check - yes
a check drawn by a bank on itself
a check that can be bought for nominal fee and made out to whomever the member wants
a check that you purchase from your bank
a check written by a bank or a store
an easier medium of money transfer compared to direct bank transfer or demand draft
a negotiable instrument typically purchased with cash
an instrument that orders a sum of money to be paid to someone else
a non-interest-bearing payment instrument
an order issued by the Post Office for the payment of a sum of money to the
a payment instrument that provides your customers a convenient alternative to a check and can be used to pay bills, pay other financial obligations or send funds safely through the mail
a payment instrument with attributes similar to checks
a type of check can only be cashed by who it is made out to
a type of check intended To provide a Cash
a Western Union branded check
A guaranteed form of payment in amounts up to and including $1,000. One might request a money order in order to pay for tuition fees at a university or a college, or for a magazine subscription.
A check that a customer can buy for a small fee from some financial institutions or the U.S. Postal Service, issued to a specific payee for a specific amount.
An order purchased at a post office or financial institution directing another office to pay a specified sum of money to a person or fund named on it
An order made by a tribunal (eg. Consumer, Trader and Tenancy Tribunal) stating that a debtor owes a creditor a certain amount of money, including an amount of claim, costs and interest and can be registered in court as a judgment
An order to transfer money from one bank account to another.
A legal document that is a promise to pay the individual or business named on it a specified amount of cash when presented at a financial institution. Money orders are an alternative to paying by share draft or check or cash.
Similar to a bank draft, a money order is an order for the payment of a specified amount of money, usually issued and payable at a bank or post office.
A money order is a type of cheque intended to provide a safe alternative to sending cash by mail. Money orders are also a more trusted method of payment than a personal check, since it is required that the funds be prepaid for the amount shown on it. Merchants (who may have no recourse in the event that a regular bank check may bounce) may welcome the extra security that being paid with a money order may offer.