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 ?
Postal Inspectors call "fraudsters" -- and are told they will receive a check or postal money order that they should deposit into their own bank account.
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.
34 of the PSA and non-universal postal services~ Notice of delivery , Cash , Postal money orders and delivery address of the recipient.
Zimmerman was confronted by a male who demanded cash, postal money orders and the postal money order imprinting machine.
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.