What is the meaning of Cash on Delivery or COD (COD) Transaction?

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Cash on Delivery or COD > COD

Occurs when the buyer of securities pays for them when the actual delivery is made at the buyer's bank. This transaction is also known as a DVP or Delivery versus Payment. Regulation T states other conditions for DVPs.

Barry Goldsmith
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APABarry Goldsmith. (2010). Cash on Delivery or COD (COD) Transaction. Retrieved September 29, 2026, from http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580
ChicagoBarry Goldsmith. 2010. "Cash on Delivery or COD (COD) Transaction" http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, Cash on Delivery or COD (COD) Transaction, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580>.
MLABarry Goldsmith. "Cash on Delivery or COD (COD) Transaction" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/cash_on_delivery_or_cod_(cod)_transaction/definitions/1149580>