Cash on delivery

Cash on delivery or COD is a financial transaction where the payment of products and/or services received is done at the time of actual delivery rather than paid for in advance. The term is mainly applied to products purchased from a third party, as the normal Western convention for services is that payment is not made until the services have been performed.

Related Topics:
Product - Service

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The concept of cash in this case is often blurred, because most companies also accept cheques, credit cards or debit cards.

Related Topics:
Cheque - Credit cards - Debit card

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