Finance a la shmoop what is
cash-on-delivery?
or CoD well if you have a deadbeat
buyer who's taken forever to pay you in [Danny Deadbeat laying on sofa]
the past think remember Popeye and wimpy
borrowing money for burgers next Tuesday
when he actually never pays you'll
eventually have to make that customer
that deadbeat a COD status purchaser
well CoD has nothing to do with cheap
fish rather it stands for cash on
delivery like you get cash when the good
is delivered and it means that the
postal person or UPS gal or FedEx dude
has to collect the cash you are owed
before they will actually leave the [Cash transfers to mail people]
package being shipped at the warehouse
on your doorstep or van parked you know
down by the river if a client has such
bad credit or has such a miserable
payment record that they have to be put
on COD status well you may really have
to re-evaluate your relationship there
COD also carries charges and often
they're big because a postal worker may
have to ring the door eight times before [Postal worker ringing door bell]
finding the deadbeat at home and then
even if he is home well it's uncertain
whether or not he'll have the ready cash
to pay for whatever goods he just
ordered and sometimes you'd have better
odds of getting money out of this thing [Pile of fish appear]
