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Cash on Delivery |
Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Cash on delivery (COD) In the context of securities, this refers to the practice of institutional investors paying the full purchase price for securities in cash.
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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As a key element of that plan, the company has entered into cash on delivery purchase contracts for two new U. jp also offers free delivery to anywhere in Japan for purchases of 1,500 JPY or more, as well as convenient cash on delivery payment options, with many products available for shipment within 24 hours. In its recent report, "Seeing Beyond Credit Card Payment Online," Forrester Research noted, "While credit cards are used by 20 million European online shoppers (one-third of consumers), the other 34 million prefer to use alternative payment mechanisms like checks, cash on delivery, or direct debit. |
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