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.