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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Money order  

Definition 1.

A financial instrument backed by a deposit at a certain firm such as a bank that can be easily converted into cash.
 

Definition 2.

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.
 
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