CAD. A transaction where the purchaser takes ownership of goods the moment...
An arrangement whereby the buyer pays for goods as soon as the buyer receives the seller's documents. There is normally an intermediary involved, ie a bank or an agent acting on behalf of the seller, to ensure that the transaction takes place smoothly.
Terms of payment stipulating that the buyer of the goods pays cash for the goods against the transfer of the documents, which entitles him to take possession of the goods.
Term (abbreviated as CAD) for documentary collection instructions requesting the presenting bank to deliver documents only upon receipt of payment from the drawee/importer. Synonymous with "documents against payment."
A transaction where full shipping documents are sent to a bank or agent at the destination instructing they are only to be handed over in exchange for full payment by the receiver of the goods.
A method of payment for goods in which documents transferring title are given to the buyer upon payment of cash to an intermediary acting for the seller.
Payment for goods in which a commission house or other intermediary transfers title documents to the buyer upon payment in cash.
A method of payment for goods where an intermediary transfers title documents to the buyer upon payment in cash.
A documentary collection term denoting that a collection is payable against shipping documents excluding a draft. See also "documentary Collection."
Method of payment for goods in wich documents transferring title are given the buyer upon payment of cash to an intermediary acting for the seller, usually a commission house.
A term used in collections supported by shipping documents which are released to the buyer only against payment. Same as Documents Against Payment (D/P).