Cash Against Documents (CAD) 1 : 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, usually a commission house
US Department of Transportation, Maritime Administration, Glossary of Shipping Terms, Washington, DC, USA 2008. http://www.marad.dot.gov/documents/Glossary_final. pdf, (Mrtm - Amer) {572}