Term of the Day
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. Often used by people who do not have checking accounts. One of the main benefits of a money order is that it is more trusted than a personalcheck, because it is prepaid. Money orders can be obtained at many locations, including a post...
Certain people who do not have a stable income or checking account will utilize a money order to pay for large purchases because a money order is a trustworthy form of payment.
Friday, 17 June 2016
Term of the Day money order
Address by the President of India, Shri Pranab Mukherjee on the Occasion of Presentation of ‘Distinguished Indologist Award 2016’ Diver...
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