Terms of the sale n COD and CBD-No Trade Credit: the buyer pays cash on delivery or cash before delivery This reduces the sellers risk under cod to the buyer refusing the shipment or eliminates it completely for CBD n Net Period- No Cash Discount a when credit is extended, the seller specifies the period of time allowed for payment. net 30 implies full payment in 30 days from the invoice date 11-611-6 Terms of the Sale Net Period - No Cash Discount -- when credit is extended, the seller specifies the period of time allowed for payment. net 30 implies full payment in 30 days from the invoice date. COD and CBD - No Trade Credit: the buyer pays cash on delivery or cash before delivery. This reduces the seller’s risk under COD to the buyer refusing the shipment or eliminates it completely for CBD