In the context of securities, this refers to the practice of institutional investors paying the full purchase price for securities in cash. Bloomberg Financial Dictionary
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abbreviation for cash on delivery
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COD UK US adverb, adjective
► COMMERCE ABBREVIATION for cash on delivery or collect on delivery: used to mean that payment will be made when goods are delivered: »
The goods will be shipped to you COD.
»a COD package
Financial and business terms. 2012.