Cash against documents

Cash Against Documents
Cash Against Documents definition :
CAD. A condition in the contract of sale which states that a buyer must pay in cash before he gets shipping papers.

CASH AGAINST DOCUMENTS (C.A.D.)
Payments for goods in which a commission house or other intermediary transfers title documents to the buyer upon payment in cash.
CASH IN ADVANCED (C.I.A.) ...

Cash Against Documents (CAD)
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).
Casus Major ...

Cash Against Documents
Abbreviation: CAD
Terms of payment: if the buyer of goods pays for the goods against transfer of thedocuments, entitling him to obtain delivery of the goods from the carrier.

Cash against documents (CAD):
A method of payment where the title documents to the goods are transferred to the buyer upon payment in cash, usually with the intervention of a commission house or other intermediary.

Cash Against Documents
A term denoting that payment is made when the bill of lading is presented.
Cash With Order
CWO is a means of payment in which the buyer pays cash when ordering; the order is binding on both seller and buyer.

Cash Against Documents CAD. A transaction where the purchaser takes ownership of goods the moment... cash and carry trade An arbitrage strategy generally consisting of the purchase of a particular security...

See also: Tariff, Clean bill of lading, Bill of lading, Commercial invoice, Banks