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.

“ The cash against documents would be fine and I was happy to assume the tile for the goods and everything. ”

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“ You should try to make sure that you always have enough cash against documents for you to make the deals you need to. ”

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“ The Cash Against Documents clause was implemented because we had determined that the client preferred to deal primarily in cash. ”

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