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Jun 13, 2024 · Cash on delivery (COD) is when a recipient pays for a good or service at the time of delivery. A COD transaction can take several forms, each affecting a company’s accounting. COD shipping...
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Cash on delivery ( COD ), sometimes called payment on delivery, [1] cash on demand, payment on demand or collect on delivery [2] is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer. [3]
C.O.D. stands for "cash on delivery." It's a type of shipment where the recipient pays for the goods when they receive them, instead of upfront. This can be beneficial for both parties - the seller doesn't have to worry about getting paid, and the buyer can see the goods before they commit to paying for them.
C.O.D. essentially means that customers pay for goods or services at the moment they receive them, typically during the delivery process. Cash on Delivery is a straightforward and convenient way of conducting transactions, particularly in situations where immediate payment is essential.
cash on delivery (C.O.D.), a common business term indicating that goods must be paid for at the time of delivery. The payment is usually due in cash but may be made by check if acceptable to the seller.
