Funds Remittance/Money Orders

< Funds Remittance
Unit 4.4-Funds Remittance 

Introduction | Checks | Banker's Drafts | Electronic Funds Transfers | Money Orders | Cash or Bank Notes | Credit Cards | SWIFT | Summary | Resources | Activities | Assessment


Money Orders

A money order is a 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. It is a limited tool since it can be used only for certain currencies in certain amounts.


This article is issued from Wikiversity - version of the Tuesday, August 18, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.