cash on delivery


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.

cash on delivery

Commerce a service entailing cash payment to the carrier on delivery of merchandise

Cash on Delivery

 

an accounting method used by individuals and organizations to meet monetary obligations incurred in the maritime transport of goods and in postal shipments. The dispatcher who ships the goods authorizes the appropriate transport or communications enterprise to deliver such goods to the recipient upon receipt of payment from the recipient or upon verification that such payment has been made through a bank. In the USSR, cash on delivery is widely used by commercial organizations that sell books and other goods by mail.