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money order definition - finance
A financial instrument that is equivalent to cash. A money order is purchased at a bank, a post office, or a business that cashes checks by paying cash. There is no chance that the money order will bounce because of insufficient funds, since cash is paid upfront for it. The money order lists both the payee and the person who purchased it.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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