Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,918,126,245 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Money Order
(redirected from Postal Money Orders)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.

money order

Certificate requiring the issuer to pay a certain sum of money on demand to a specific person or organization. Money orders provide a fast, safe, and convenient means of transferring small sums of money. They are issued by governments (usually through postal authorities), banks, and other qualified institutions to buyers who pay the issuer the face amount of the money order plus a service charge. Because they are exchangeable for cash on demand, they are a generally accepted means of payment. The American Express Co. began issuing money orders in 1882; the company also created the first traveler's checks nine years later. See also currency.


Money Order 

a means of remittance used by enterprises, organizations, and institutions to settle accounts among themselves or with individual citizens; also used by citizens among themselves. Money orders are issued by banks and savings offices or by postal and telegraph offices. They are used by legal persons and individuals to settle accounts for payments into the budget, to pay off suppliers and banks, for payment of wages and authors’ royalties, and the like.

A distinction is made between intracity and intercity money orders, and the latter are further subdivided into postal and telegraph orders. If the remittances are made by legal persons, the credit institutions and communications enterprises make various types of noncash payments, usually drafts. Commissions are collected from private persons for the issuance of money orders, while legal persons are only charged for telegraph orders.

In addition to the conventional money order, there are special-purpose forms that are used when the sum transferred has a predetermined purpose. Such remittances are used for settlements between legal persons and are paid from a separate account set up, for example, to pay for goods and services.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
Most international shipping companies allow you to pay with personal checks, cashiers'' checks, postal money orders, and major credit cards.
For generations, that was the place to go to get stamps, mail letters and packages and get postal money orders.
Postal Service resulted from the issuing of postal money orders, normally sent through the mail after a customer received a COD order from the mail order company.
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.