I'm trying to understand a financial term that I recently encountered. It's called COB, and I'm not sure what it stands for or its significance in the financial world. Can someone explain this to me?
6 answers
SumoStrength
Wed Nov 13 2024
COB is an acronym that stands for "close of business".
Paolo
Wed Nov 13 2024
It is commonly used by professional organizations to denote the end of the business day.
DaeguDiva
Wed Nov 13 2024
The COB time is based on the traditional closing hours of businesses in the United States.
Lucia
Wed Nov 13 2024
In most cases, businesses in the US close at 5 p.m. Eastern Standard Time (EST).
Margherita
Tue Nov 12 2024
This time is widely recognized as the end of the regular business day.