Cash against Documents via Bank (CAD) / Documents against Payment (D/P) Cash against Documents via Bank is a payment term mostly used in CIF or CFR transactions.
What does CAD mean delivery?
Cash against documents (CAD) is used to ensure an importer pays for goods before they are in receipt of those goods.
What does CAD mean in logistics?
Cash Against Documents (CAD): A method of payment for goods in which documents transferring title are given to the buyer upon payment of cash to an intermediary acting for the seller.
What is the difference between CAD and DP?
Cash Against Documents (CAD) – Buyer deposits cash with its local (foreign) bank. Seller presents documents to its U.S. bank for “collection”. … SD/DP means the bank pays at “sight”, i.e., upon presentation with the documents.
What does CAD mean when buying something?
CAD stands for Canadian dollar. The seller listed the item on the Canadian site, ebay.ca. The price that you were charged is the approximate exchange rate. @zoomzoomj.
What does CAD mean in insurance?
Having a history of CAD is not a hard-set yes or no as to whether or not you can qualify for life insurance coverage. Underwriting coronary artery disease (CAD) risk requires detailed analysis of the extent of the disease.
What does CAD mean in Old English?
countable noun. If you say that a man is a cad, you mean that he treats other people, especially women, badly or unfairly. [old-fashioned] He’s a scoundrel! A cad!