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The most common example of a pay-to-order is a check. Most checks include the phrase ?pay to the order of? right on them. A check is a financial document that allows for the transfer of money. When you write a check, you are letting the bank know that you owe a specific amount of money to a specific person or group.

In the most basic terms, a "negotiable instrument" is a signed written order or promise to pay money. However, not every signed piece of paper with a reference to money being paid is a negotiable instrument.

These types of instruments are commonly known as bearer papers. Bearer papers are the opposite of order papers, which are only payable to the party listed on the document. Like all negotiable instruments, instruments payable to the bearer can be transferred from one party to another.

Here's how to fill out your money order. Write the payee name. Write the name of the person or business you are addressing the money order to in the ?PAY TO THE ORDER OF? field first. ... Fill out your information in the purchaser fields. The purchaser is you. ... Sign the front of the money order. ... Keep the money order receipt.

You can get money orders at many places, such as the post office, most banks, and Western Union outlets at CVS, Walmart, and 7-Eleven stores. Although money orders are generally inexpensive, they almost always involve a purchase fee and sometimes a redemption fee for the recipient.

Money orders can be purchased with cash or a debit card at banks and credit unions, check-cashing businesses, the U.S. Postal Service, many grocery stores and some big-box stores.

PAYABLE TO ORDER OR BEARER: The promissory note must be payable to order or to bearer by using language such as ?Pay to the order of Jan Smith??or ?I promise to pay to the order of bearer?. A bearer is simply the person who presents the note to the person who made it for payment.

Pay order is a financial instrument which is issued by the bank on customer's behalf giving an order to pay a particular amount to a particular person in a same city.