cod \c.o.d.\ n. abbr. (Commerce) an abbreviation of {collect on delivery}; a method of payment by which goods are paid for when they are delivered to the customer's home or place of business. Contrasted to {payment in advance} or {terms} or {credit}. Syn: collect on delivery. [PJC]
cod \c.o.d.\ adj. (Commerce) an abbreviation of {collect on delivery}; payment due by the recipient on delivery; as, a COD parcel. [Also spelled {COD}.] Syn: collect, collect on delivery. [WordNet 1.5]