Money Order


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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.

References in periodicals archive ?
Without a fee, you can deposit your money orders into a bank account.
"We are still determining if the money orders are authentic and there was a violation of the antimoney laundering law," he said.
Si es por cheque o money order, envielo a Partners in Health, P.O.
Money Order disposed of more-experienced rivals in the bumper in the manner of a horse with a decent future
The sources said in line with new role of Pakistan Post, a new logo of organization has been developed and introduced while Electronic Money Order Service (EMO) has been launched which is the swiftest way to transfer money from one post office to other post office.
The company also provides bill payment services, issues money orders and processes official checks in select markets.
They then reach through the slot into the drop box and fish out rent checks and money orders. Later, they use acetone to wash the ink away, write in a new name, and cash the money orders.
In an attempt to see where Mark was going with his proposal, Danielle wrote him that she would accept only a money order. Mark, who obviously was not a spelling-bee winner, replied.
You can pay by check, VISA, Mastercard, American Express, purchase order, travelers checks, or postal money order; see subscription instructions on page 2.
"Many of these consumers can more effectively manage a money order for 75 cents as opposed to a checking account where one overdraft can cost them as much as $25," says McNary.
Payment by cashier's check or money order only; allow four to six weeks for delivery.
Naseer Ahmed said that Pakistan Post had recently taken new initiatives including Same Day Delivery Service, Electronic Money Order at Door step, Mobile application to track online articles and E-commerce initiative.