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Because of the use of credit and debit cards, checks and wire transfers, the use of C.O.Ds has become less common, although is still remains the standard method for paying for products and services that are produced quickly. These services may include pizza delivery, although some restaurants may ask for your credit card number due to an increase in prank calls.
COD means cash on delivery, a type of transaction in which the purchaser makes the payment only when the goods are delivered, payment can be made either by cash, Money order or stipulated check based on the shipping contract.
This is generally done to minimize the risk of fraud or default of payment.
Of late due to increase in the number of online purchases this is a good method to avoid fraud.
This method is also used in the electronic system of stock trading too.
COD means cash on delivery. In other words you pay for it when it is delivered.
cash on delivery of goods or services
COD or Cash On Delivery: is a type of transaction in which payment is made at the time of delivery (by cash, certified check or money order)
C.O.D means "Cash On Delivery; a transaction in which purchaser makes payment at the time when goods are delivered: The payment can be made either by cash, Money order or check based on contract.
This is done to minimize the risk of fraud or default of payment.
All answers are wonderful, COD cash on delivery against supplier's goods and service instead of cash current dated cheque can be accepted by supplier
C.O.D means Cash on Delivery When we receive an order from the company.
Cash on delivery term normally we are using for those customer who haven't credit facility and they need materials like example on urgent base and they are not able to pay in advance. In this case company sent materials on C.O.D it’s my thinking maybe I am wrong
Cash on delivery
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