Cash Against Documents. A transaction in which the buyer assumes the title for the goods being purchased upon paying the sale price in cash.

Use CAD in a sentence

You may want to use a CAD method of payment the first time that you do business with any new party.

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If you are doing business with a party you have not used before you should probably use a CAD agreement.

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I was assuming the title for the goods, but I did not know what that meant and the person told me how CAD worked.

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CAC 40 Index cadastral map