What does money order mean?

A money order is a financial instrument that is similar to a check, but is guaranteed by a third party such as a bank or money order company. It is a secure form of payment that is often used for transactions where the recipient may not accept personal checks or where there is a need for a guaranteed form of payment. Money orders are typically purchased with cash or a debit card, and are often used for sending money to individuals or businesses, paying bills, or making purchases where a personal check is not accepted. Money orders are considered a safe and reliable form of payment, as they are prepaid and do not bounce like personal checks. They also provide a record of payment, making them a popular choice for many financial transactions.