Archive:Funds Remittance/Money Orders: Difference between revisions
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A money order is a financial instrument issued by a bank or other institution allowing the individual named on the order to receive a specified amount of cash on demand. It is often used by people who do not have checking accounts. It is a limited tool since it can be used only for certain currencies in certain amounts. | A money order is a financial instrument issued by a bank or other institution allowing the individual named on the order to receive a specified amount of cash on demand. It is often used by people who do not have checking accounts. It is a limited tool since it can be used only for certain currencies in certain amounts. | ||
Latest revision as of 17:16, 1 June 2009
A money order is a financial instrument issued by a bank or other institution allowing the individual named on the order to receive a specified amount of cash on demand. It is often used by people who do not have checking accounts. It is a limited tool since it can be used only for certain currencies in certain amounts.