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 ?
The contract is for the provision of postal services in the delivery of postal money orders in domestic and foreign markets and their possible returns in the absence of receipt.
Pomeranian in - The clearance, transport and delivery of postal items registered and unregistered and receiving shipments from point of delivery units participating in the joint procurement, as well as the return of undelivered parcels,- Implementation of postal money orders and their possible returns in the absence of their delivery.
The contract is for the provision of postal services in the domesticand foreign entities for tax administration Opole province in terms of reception, transport and delivery of postal items of possible returns and the pursuit of postal money orders as well as their possible returns if they do not delivery - within the meaning of the Postal Act of 23 November 2012.
The object of the contract includes the provision of postal services for the headquarters, regional offices, branches and offices of the Institute and includes universal postal services in accordance with Article 34 of the PSA and non-universal postal services "delivery notice", "Cash", " Postal money orders "and" delivery address of the recipient.
Buyers must pay with cash, postal money orders, certified checks or cashier's checks.
As she had done annually, his aunt Jackie Sims-Bowman, a resident of South Carolina, had sent him a portion of her tax return, $1,000 in two $500 postal money orders, to buy post-Christmas cheer for his four children, among other things.
The rest was sent either through postal money orders, cash, or checks.
Inside the box, investigators discovered about $643,000 in fraudulent postal money orders and cashier's checks.
Jordan and the United Arab Emirates UAE sealed on Wednesday a postal money orders deal between the posts of the two countries.
A considerable number of people in rural Alaska don't have bank accounts (for a number of reasons) and use cash or postal money orders as a medium of exchange," Strand wrote in an e-mail.