Be warned. Maybe it means that it is needed before midnight, or perhaps just sometime before business starts the next morning. In some markets it is actually defined as the point in time a few minutes prior to the actual cessation of trading, when the regular traders' orders are no longer received. : The placing of 106 million shares will be priced at the close of business on October 18 and the shares will begin trading one week later. EOB, COB and COP in the U.S. is usually at 5:00 pm. The more specific we can be when requesting information needed within a critical time frame, the more likely it is that the deadline will be met accurately. COB stands for Close of Business (also Chip On Board and 330 more) Rating: 32 Votes: 32. Have you found the page useful?Please use the following to spread the word: Search for abbreviation meaning,word to abbreviate,or category.Shortcuts for power users - examples, 6 other ways to abbreviate Close of Business, C.O.B. - Close of Business, C.O.B. - Close Of Business. Traditionally in business language, we know COB to mean “close of business” and EOD to mean “end of day.” But, what does each of these really mean today?
In some markets it is actually defined as the point in time a few minutes prior to the actual cessation of trading, when the regular traders' orders are no longer received.
Close of business always means the end of work hours, so John would’ve known what the deadline is. Close of Business is abbreviated as COB (also C.O.B., C.O.B. or СОВ) related. Looking for more tips on how to effectively communicate with today’s new workforce and gain better staffing stability? End of day (EOD), end of business (EOB), close of business (COB), close of play (COP) or end of play (EOP) is the end of the trading day in financial markets, the point when trading ceases. The list of abbreviations related to 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. Check out the ways Magnet Culture helps executives, leaders, and managers increase their Staying Power!
The COB means Close Of Business. During this formation, guidance is given to the enlisted members, the unit commander may publish information and the unit is given the command fall out, which usually means done for the day.
Using COB wouldn’t have caused any issues since that abbreviation is clear enough. Depending on your organization’s culture, hours of operation, and core working hours of your clients, these can be confusing terms – not to mention a source of frustration if expectations are not met. Abbreviation is mostly used in categories:AccountingMilitaryBusinessFinanceProcurement, The list of abbreviations related toCOB - Close of Business, Most relevant lists of abbreviations for COB (Close of Business). Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=End_of_day&oldid=982715946, Articles lacking sources from January 2016, Creative Commons Attribution-ShareAlike License, This page was last edited on 9 October 2020, at 21:44. The following image shows one of the definitions of COB in English: Close Of Business. What is the abbreviation for Close of Business? In the United States Military, end of day or close of business is the time when all scheduled training and administrative work stops. If you are sending a request to colleagues across the country, the details need to indicate even more specific data – such as: “Please submit by 4 PM Eastern today.”. In order to ensure effective translation, and be certain that expectations for an important delivery are understood, it is best to be specific about a due date and time, and not use the “COB” or “EOD” terms at all. Join our list! It is important to remember that some professionals, particularly Millennials, would rather take work home and work later in the evening than stay at the office after 5 PM. They come from many sources and are not checked. However, some members of the unit, especially maintenance crews, may continue working. We are proud to list acronym of COB in the largest database of abbreviations and acronyms. In the United Kingdom, these terms typically refer to 17:30, while EOD is 23:59. And remember, if this type of frustration grows within your workplace, it’s likely to cause unnecessary employee turnover. The unit's senior noncommissioned officer may hold a formation at this time. Example: If a presentation is requested to be submitted by EOD, does this really mean that it needs to be sent before 5 PM, or just before you leave the office? If the audience assumes the incorrect meaning in this example, the delivery of the presentation can be considered several hours late. COB = Close Of Business Looking for general definition of COB? He reserved his decision on withdrawing the warrants until close of business next Wednesday. We all have seen it – the email from our boss asking for an important piece of information or for a project to be completed by “COB“ or “EOD.” Traditionally in business language, we know COB to mean “close of business” and EOD to mean “end of day.” But, what does each of these really mean today? Found 1036 sentences matching phrase "close of business (cob) (COB)".Found in 75 ms. Translation memories are created by human, but computer aligned, which might cause mistakes. As best you can, let people work when they choose and when it is best for them, so long as it meets your end goal (by morning, in most cases). Showing page 1. Let’s avoid confusion and frustration and more clearly state when we actually need something – for instance: “This is needed by 7 PM tonight.” Furthermore, depending upon the reach of your communications, you may also need to include a specific time zone. End of day (EOD), end of business (EOB), close of business (COB), close of play (COP) or end of play (EOP) is the end of the trading day in financial markets, the point when trading ceases. All rights reserved. : But it seems that a trader at a US investment bank miskeyed an entry for a trade at the close of business. During this period, the market is performing what is called a "Run To Cash", which is when the market is reconciling to its underlying cash market. COB usually means the end of working hours in local time zone, so even if she hadn’t mentioned time zone in her email, John would’ve not been confused. Just because you would prefer to complete your work before leaving the office, rather than at home, doesn’t mean someone else would choose to work that way. Clear and effective written communication can greatly reduce frustration, confusion, and stress, especially in today’s electronic global marketplace. It’s used in business communications to set a deadline for a task to be completed by 5:00 PM Eastern Standard Time (EST). Want our latest employee retention tips and resources? © 2020 Magnet Culture, formerly Crescendo Strategies.
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