COD Payment Term

A product is shipped to somebody via UPS/FedEx with COD (the delivery driver collects the payment)…

1.) Is there any way to create/specify the ‘Payment Term’ of ‘Cash On Delivery (COD)’ for the ‘Balance Due’?
2.) How can you specify ‘COD Company Check’ versus ‘COD Cashier’s Check’? two different payment terms?

If you’re self hosting you could add it to the payment_types table and then clear the cache by adding ?clear_cache=true to the URL