Full Form of COB
Close Of Business
COB Full Form is Close Of Business. COB refers to the point of time when the trading activities in a financial market cease or stop. It marks the end of trading business for a day. It is often referred to as EOD ( End Of Day), COP ( Close Of Play), or EOB ( End Of Business ). COB points to the time of actual cessation of all trading activities. But a few financial markets refer to COB as the point from when regular trading orders are declined.
It is a point of time that is few minutes earlier of the actual closing of business. After that, the markets reconcile and analyze the form and amount of cash that underlay in the market. As there is no legal or enforceable meaning of COB, it may vary from one market to the other, and one industry to the other.
But critics and experts assume that 5:00 PM is the usually accepted point of time for COB in any time zone. There is a subtle difference between EOD and COB. While COB refers to the end of business time usually in the evening, EOD may refer to the wholesome stoppage of activities at any point of the day.