Definition: Money order

ECB terminology

Instrument, often used by persons who do not have a current account with a financial institution, which is used to remit money to a named payee, to pay bills, or to transfer money to another person or company. 

Postal orders are money orders in which the drawee is a postal institution.
Source:
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
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