what does cob mean

 

"Cob" typically stands for "Close of Business." It's a term used to denote the end of the business day when a company's operations cease for the day. At the close of business, various activities may take place, including reconciliations, finalizing transactions, updating records, and preparing reports. The specific time designated as COB can vary depending on the company, industry, and location, but it generally occurs around 5:00 PM local time. COB marks the point at which the business formally concludes its daily activities and prepares for the next business day.