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money order Definition

money order

noun

an order for the payment of a specified sum of money, as one issued for a fee at one post office, telegraph office, or bank and payable at another

money order Finance Definition
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.