Money Order

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Here are some benefits of using money orders when sending money internationally:
After consulting with the postmaster, the clerk eventually cashed the money orders, but he and the postmaster were apparently still suspicious because they notified the U.S.
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With help from school officials and friends, the search will continue until the man who lost the money orders is found.
Nexus returned her Post Office money order with a covering letter, explaining that she should renew the card "at any of the Nexus Travelshops nearer the time".
The family - a 40-year-old man, his 41-year-old wife and their 21-year-old daughter - were detained at Detroit Metropolitan Airport on 6 May 2003 when they were found to be in possession of USD35,000 in unreported currency and money orders. Investigators later seized an additional USD9,000 in money orders which the family had allegedly asked another person to take to Iran.
Currently, customers can conduct American Express ATM transactions, purchase Western Union money orders and money transfers, pay bills through Western Union's Quick Collect payment service and cash checks through Certegy Check Services.
So for Ed Morgan, treasurer of Mapco Express, a convenience store operator in the Southeast that does a heavy volume in money orders, an online system that allows for easy reconciliation of exception items has proven to be a big asset.
Send checks or money orders plus $4.95 shipping and handling ($2.50 for each additional item) to How To Media, 28 Slocum Place, Long Branch, NJ 07740.
She purchases money orders to pay her bills and stashes her savings in a cookie jar.
The court found that money orders that were recovered from the prisoner had not been altered and the commission failed to explain why the prisoner's mere possession of money orders constituted conduct which extended into the community.