what does cod mean in business

what does cod mean in business refers to Cash on Delivery, a payment method where the buyer pays for the goods at the time of delivery, rather than before the shipment is made. COD is often used in e-commerce and retail, particularly for transactions involving physical goods that are delivered via postal services or couriers. With COD, the risk of non-payment is shifted to the buyer, who must settle the amount when the item arrives. This payment method is commonly used for larger or more expensive orders where both the buyer and seller prefer to manage payment upon delivery.