Pay for the goods you order at your doorstep is the simplest cash on delivery meaning. It is likely to be one of the most convenient transaction methods. Another business term for cash on delivery is “Collect on Delivery” or COD. Most buyers prefer COD payment mode for the goods and pay at the time of delivery. However, collect on delivery does not only mean to pay cash. So, you may choose to pay in some other form, the one to which the seller agrees. Hence, you may pay through a check if you don’t have cash, or make an electronic payment –especially a big amount.