A cash buyer is a customer who pays for goods or services by submitting cash, a check, or a money order with the order they make. Unlike credit transactions, the payment is made upfront.
An abbreviation that can refer to different terms such as Money Order or Modus Operandi, depending on the context.
A money order is a financial instrument that can be easily converted into cash by the payee named on the money order. It provides a secure way to transfer a specified amount of money.
A registered check is a type of check issued by a bank for a customer who sets aside funds in a special register. It is used when the customer specifies his name, the payee's name, and the amount to be transferred. Similar to a money order, a registered check is beneficial for individuals who do not have a checking account at the bank.
