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COB stands for “close of business.” It refers to the end of a business day and the close of the financial markets in New York City, which define U.S. business hours. It’s used in business communications to set a deadline for a task to be completed by 5:00 PM Eastern Standard Time (EST).
COB stands for "close of business" that professional organizations use when referring to the end of the business day. Many professionals base COB hours on times that businesses traditionally close in the United States, which is typically 5 p.m. Eastern Standard Time (EST).
Close of business, often abbreviated COB, is a common acronym used when requesting employees, suppliers or stakeholders to perform a specific action by the end of the day. In the business world, acronyms can save time, but they can also create confusion if everyone isn’t on the same page.
What is close of business (COB)? COB refers to the end of the business day according to the Eastern Standard Time (EST) in the United States, usually 5 pm EST. COB also describes when financial markets close for trading in New York City.
An acronym for 'Close of Business,' COB is used to designate the end of a business day as well as, sometimes, as a designation for when an event occurs. To put it another way, it's the time by which certain activities must be completed or initiated.
COB is an abbreviation used in business to emphasize the time in which something should be done. The full length of it means “close of business” and it represents the time when you are supposed to go home from work.
“COB,” or “Close of Business,” refers to the end of a business day, typically at 5 p.m. local time. It is an acronym used in business to indicate that a task or deliverable should be completed by the time employees leave the office.
The COB and the EOD are two abbreviations used in trading and business to indicate two certain events. Whilst their meanings are different, some people confuse them quite often. COB stands for the close of business, while EOD stands for the end of day.
COB means "close of business," and it's an acronym professionals use to reference the close of working hours. While professionals across the world use this term, it refers to when financial markets in New York close, which dictates the working hours of US companies.
In simple and precise words, COB is the time when your working hours end at your job, and you are free to go home without any restriction. It is the end of today's work, no matter how much the working period was. COB provides a fixed deadline by when you will be completing the task or work.