Cash on Delivery (COD)

Accounting Corporate Finance Financial Terms Dictionary

Contents

Cash on delivery (COD) is when the recipient pays for the product or service at the time of delivery.

A cash on delivery transaction can take several different forms, and each of them can affect the accounting of a company.
Cash on delivery offers customers the advantage of having time to save money and pay in full.
Sellers get paid faster for sales as long as the item is accepted by the buyer.