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cash on hand. Definition. Funds that are immediately available to a business, and can be spent as needed, as opposed to assets that must be sold to generate cash. The amount of cash on hand determines what projects a company can undertake, or what financial hardships can be absorbed, without going into debt or arranging other financing.
COD means cash on delivery. In other words you pay for it when it is delivered. It means Cash On Delivery. if it is not accepted it means you must pay for the goods at the time of purchase, not when they arrive. Cash on delivery is when the delivery guy brings whatever it is you bought to your house and you only pay then.