A type of financial transaction that is completed upon delivery of the product or goods. An order is processed, the goods are delivered, and then final payment is made.



This is also known as cash on delivery.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser