mean
2006-08-21 14:48:15 · 8 answers · asked by cynthia 2 in Education & Reference ➔ Teaching
money order is a cheque issue by any post office payable at the payee destination post office.It is an equivalent to a bank draft and is a common mean of sending money in the past.
A fixed denomination cheques issue by the post office is called postal order.
2006-08-21 15:06:18 · answer #1 · answered by jurgen 6 · 0⤊ 0⤋
What is a money order? Go to the 7-11 and ask to buy one and you will find out. You take your money to a bank or other place that sells money orders and your buy one in a certain amount for a specific company or person. When that company or person gets it, he can deposit it in the bank, and the bank knows it has been paid for. You have to pay something for this service, such as so many cents on the dollar.It is usually used by people who do not have a checking account or when the receiving party will not take a personal check and you cannot send cash through the mail. (Never send cash through the mail!)
2006-08-21 21:58:19 · answer #2 · answered by janeinthecity_1999 2 · 0⤊ 0⤋
It is a check-like note you get from a bank that guarantees that the money is available to cash the check. You must give the bank the money and a small fee (about $3) up front and they print the money order for you. This a more acceptable to businesses because people will sometimes write a personal check that is no good. A money order is guaranteed.
2006-08-21 21:55:36 · answer #3 · answered by physandchemteach 7 · 0⤊ 1⤋
A money order is something you can buy from a bank or the post office. It is like a check only you have to buy it for the amount you need. That way the person is guaranteed the money is there when he cashes it.
2006-08-21 21:56:56 · answer #4 · answered by mrhappy546 2 · 0⤊ 0⤋
You go to the currency exchange and ask for a money order. The thing is it is your money. Nobody is giving you anything. The Teller will ask you "How much?" You give them the money and whatever you give them will be the value of the money order. it's an option to deal with money without using cash, but it has cash value. The value is whatever you put on it and it will be printed out on the money order. If it's a five dollar value you pay on it then it will read "'five dollars."
2006-08-21 22:10:48 · answer #5 · answered by cami 3 · 0⤊ 0⤋
A money order is like a check that you get at the bank or post office for a fee.
2006-08-21 21:55:02 · answer #6 · answered by Donna Lu 2 · 0⤊ 1⤋
It serves as a payment made in a form which look a bit like check only that it's issue by bank. It's very convenient to make payment with it. Money order can be made in any currency.
2006-08-21 21:55:19 · answer #7 · answered by maggotier 4 · 1⤊ 0⤋
You give the store or bank your cash and they write you a check to use in place of cash.
2006-08-21 21:55:12 · answer #8 · answered by chubbiguy40 4 · 0⤊ 1⤋