What is cob in business?

Cob (Close of Business) is a term used in business to denote the end of the business day. It is typically the time at which all financial transactions for the day are considered complete and tallied up.

Cob is an important time for businesses as it marks the deadline for submitting reports, finalizing transactions, and preparing for the next business day. It is also used to calculate the end of day financial position and to assess the overall performance of the business.

In the context of stock markets, cob is the official close of trading for the day. It is the time at which the final trading price of a security is determined and recorded.

Overall, cob in business is a crucial time for ensuring accuracy, accountability, and efficiency in financial transactions and operations. It helps businesses to maintain transparency, track their performance, and make informed decisions for the future.