Cash Against Documents
Definition
CAD. A transaction in which the buyer assumes the title for the goods being purchased upon paying the sale price in cash.
Use this term in a sentence
“ The cash against documents would be fine and I was happy to assume the tile for the goods and everything. ”
“ You should try to make sure that you always have enough cash against documents for you to make the deals you need to. ”
“ The Cash Against Documents clause was implemented because we had determined that the client preferred to deal primarily in cash. ”
