What Is C.o.d.?

C.O.D is an acronym for the term Cash on Delivery. It is a kind of a monetary transaction in which the payment of the goods bought or services rendered is given at the time of delivery, instead of paying it beforehand. The term generally applies to goods that are bought from a go-between, and the payment is made to the one who delivers it.

The word cash in the term does not necessarily mean actual cash or paper money; many organizations accept money by way of checks or credit/debit cards.

C.O.D also stands for the term Certificate of Deposit, which is a type of a time deposit, a financial service usually provided to customers by financial institutions like banks, credit unions etc. The structure of CDs resembles savings accounts in the fact that they are insured, hence nearly free of risk.

C.O.D refers to Cash in Delivery. It is regarded as a financial transaction that involves the payment of the goods or services received at the time when the delivery is made rather than paying before hand in advance. This term is used very frequently if the purchase is done from a third party. It is considered that if during the transaction in which if the one that purchases the goods does not make the payment then the foods will be returned to the one who sells them.

C.O.D is a very frequently used term in the shipping sector that permits the reduction of the risk of fraud between the buyer and the seller.