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COD Transaction |
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COD transaction Delivery Versus Payment A settlement procedure in which the buyer and the seller of a security agree that the seller will pay the buyer upon the security's delivery to the seller. This agreement is designed to reduce risk to both parties: if the delivery and payment do not occur at the same time, there is a risk, however small, of theft by one party or the other. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Ascertaining a property's FMV is particularly important in part sale, part COD transactions, and is difficult to ascertain when a lender agrees to take back property without an open market sale. |
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