I still don't understand what they are.
2007-11-15 01:47:50 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Money orders are like bank drafts or certified cheques - A form of certified payment for items. It is so that the person receiving payment is sure that when they cash it the money will be in the account, un like a regular cheque that can bounce. Essentially it is a cheque from the bank stating that the money you say is in the account is actually in the account - You can also get them at the post office - which you basically buy for the amount you want and send to the person who wants it.
2007-11-15 01:56:16 · answer #1 · answered by Vishal R 2 · 0⤊ 0⤋
A money order is a paper voucher that is as good as cash to the bearer.
2007-11-15 12:47:59 · answer #2 · answered by Peter D 7 · 0⤊ 0⤋
it is the order to pay money to specified person at specified address .
It is money transfer using postal authorities as medium of transfer. It was started by britishers in their colonies and still continues as such
2007-11-15 09:53:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋