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1 : ready money
2 : money or its equivalent (as a check) paid for goods or services at the time of purchase or delivery
cash against documents
: a sight draft in exchange for a bill of lading [agree that the buyer will pay cash against documents]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.