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Money order

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Money order
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. A money order is a payment order for a pre-specified amount of money. Because it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a personal check. Merchants welcome the extra Security of a pre-paid money order instead of a personal check, which can bounce.
Posted by  Institute for International Research, Henley & Partners Group Holdings Ltd
 
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