Cash Against Documents (CAD) 2 : A particular sort of payment for goods. A commission house or another intermediary transfers title documents to the buyer when they receive a cash payment
Ulster Bank (Business/Products/International-Banking), Guide to International Business, Glossary of Terms, Belfast, Northern Ireland 2012. http://www.ulsterbank.com/ni/business/products/int ernational-banking/guide-to-international-business /glossary-of-terms.ashx, (Mrtm/ Int Biz and Banking - Brit) {540}