Definition of cash on delivery in English English dictionary
A transaction in which goods are paid for in full in cash or by certified check immediately when they are received by the buyer
A term of sale whereby a buyer pays the carrier the price of goods (and possibly the delivery/freight charges) before they are released The seller assumes risk of purchaser refusing to accept goods
Abbreviation: COD Terms of payment: if the carrier collects a payment from the consignee and remits the amount to the shipper