I'm trying to understand a term I came across in a payment context. What does COB stand for and how is it used in payment processes? I'm curious to know its meaning and application.
5 answers
Andrea
Wed Nov 13 2024
COB stands for Close of Business.
Federico
Tue Nov 12 2024
Similarly, EOP, which means End of Pay, is also used to denote the same time.
EchoSoulQuantum
Tue Nov 12 2024
This term signifies the end of a company's operational day.
EchoSeeker
Tue Nov 12 2024
COB is also interchangeably used with EOD, which stands for End of the Day.
Filippo
Tue Nov 12 2024
Another variant is COP, which represents Close of Pay.