Cash On Delivery - COD

Cash On Delivery - COD
A type of transaction in which payment for a good is made at the time of delivery. If the purchaser does not make payment when the good is delivered, then the good will be returned to the seller.

Payment can be made by cash, certified check or money order, depending on what is stipulated in the shipping contract.

This type of transaction is usually done through a shipping company and allows both the seller and the buyer of the product to minimize the risk of fraud or default. COD allows the purchaser to pay at the time of delivery instead of having to pay upfront. Payment is made to the shipping company, and the shipping company then relays the payment back to the seller.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • Cash on Delivery (COD) — Barzahlung bei Lieferung; ⇡ Handelsklausel in Kaufverträgen, nach der der Kaufpreis bei Übergabe der Ware, nicht der Dokumente, zu zahlen ist …   Lexikon der Economics

  • cash on delivery — ( COD) In the context of securities, this refers to the practice of institutional investors paying the full purchase price for securities in cash. Bloomberg Financial Dictionary * * * cash on delivery ˌcash on deˈlivery abbreviation …   Financial and business terms

  • cash before delivery — cash be|fore de|li|ve|ry 〈[kæ̣ʃ bıfɔ:r dılı̣vərı] Wirtsch.〉 Vertriebsform des Handels, bei der der Kaufpreis für eine Ware vor ihrer Übergabe zu bezahlen ist [engl., „Bezahlung vor Lieferung“] * * * cash before delivery   [ kæʃbɪ fɔː dɪ lɪvərɪ,… …   Universal-Lexikon

  • cash on delivery — COD Terms of trade in which a supplier will post goods to a customer, provided the customer pays the postman or delivery man the full invoice amount when they are delivered. It was extensively used in mail order (see mail order house), but the… …   Big dictionary of business and management

  • cash on delivery — cash on de livery noun uncount COD …   Usage of the words and phrases in modern English

  • Cash On Delivery — (COD)  A business transaction requiring payment when the goods are delivered …   American business jargon

  • cash on delivery — adverb collecting the charges upon delivery mail a package C.O.D. • Syn: ↑C.O.D., ↑COD * * * ˌcash on deˈlivery idiom (abbr. COD) a system of paying for goods when they are delivered …   Useful english dictionary

  • cash on delivery — /ˌkæʃ ɒn dɪ lɪv(ə)ri/ noun payment in cash when goods are delivered. Abbr COD …   Marketing dictionary in english

  • cash on delivery — /ˌkæʃ ɒn dɪ lɪv(ə)ri/ noun payment in cash when goods are delivered. Abbreviation COD …   Dictionary of banking and finance

  • COD — ( cash on delivery) In the context of securities, this refers to the practice of institutional investors paying the full purchase price for securities in cash. Bloomberg Financial Dictionary * * * COD COD noun [uncountable] …   Financial and business terms

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