POSTAL ORDER Meaning and
Definition
-
A postal order is a form of payment that is guaranteed by a postal service and can be used to transfer money or make purchases. It is a prepaid negotiable voucher issued by a post office, functioning as a safe and convenient alternative to cash. Typically made of paper, a postal order is an official financial instrument that can be bought from a post office or sometimes online.
Postal orders are often used when sending money through the mail or when the recipient does not have a bank account. They are a way to ensure secure and reliable transactions, as they can only be cashed or redeemed by the intended recipient or payee. Postal orders also provide a record of payment, which can be helpful for accounting or legal purposes.
To use a postal order, the purchaser fills out the necessary details including the amount, recipient's name, and address. The purchaser then pays the amount specified plus a small fee to the post office, and in return, they receive the postal order. The recipient can then present the postal order to their post office or a designated bank and exchange it for the specified amount in cash or use it as payment for goods and services.
Postal orders are generally accepted within the country of issuance, although international postal orders may also be available for cross-border transactions. They are a trusted and valuable financial instrument, providing a secure and convenient method of payment for individuals who may not have access to traditional banking services.
Common Misspellings for POSTAL ORDER
- oostal order
- lostal order
- -ostal order
- 0ostal order
- pistal order
- pkstal order
- plstal order
- ppstal order
- p0stal order
- p9stal order
- poatal order
- poztal order
- poxtal order
- podtal order
- poetal order
- powtal order
- posral order
- posfal order
- posgal order
Etymology of POSTAL ORDER
The term "postal order" originated from the combination of the words "postal" and "order".
The word "postal" is derived from the Latin word "postis", meaning "post". It refers to the system of sending and delivering mail through the post or mail service.
The term "order" comes from the Old English word "ordrian", meaning "to arrange". In this context, it refers to a method of arranging or organizing financial transactions or payments.
When combined, "postal order" signifies a method of making a payment or sending money through the postal system. It typically refers to a financial instrument issued by a post office or mail service that allows the recipient to receive the specified amount of money at a designated location.
Similar spelling words for POSTAL ORDER
Infographic
Add the infographic to your website:
