COB Full Form
COB full form is Close of Business. It is also known as the end of business or end of day. It refers to the time when a company gets closed for the day. For example, if your office opens at 10:00 am and closes at 7:00 pm then you can say 7:00 pm as COB. And, suppose your boss wants you to complete the work before COB then it means, you are asked to complete the work the same day before your office gets closed at 7:00 pm.
COB has no legal meaning so its meaning may vary from one industry to another industry. For example, in financial markets, it is used to refer to the point to the end of a trading day. COB timings also vary from one country to another country and industry to industry. In the US, COB is at 5:00 pm, and in the UK, it is usually at 5:30 pm. Most people generally use COB instead of EOD (end of the day) as EOD is midnight (23:59).
Use Of COB
On Email
COBs are used to give deadlines to customers who are out of state or out of country. They are given a certain amount of time.
Businesses use acronyms in communication
Businesses usually use these abbreviations to save time and also to talk to their customers and employees. If managers regularly assign deadlines to their employees, acronyms make it easier. Clients can even use acronyms for meeting dates and project deadlines, saving time and eliminating the need to type long words and sentences.
Using COB at work
COB is very important at work, but if your clients or employees don't know your acronym or time zone, you need to clarify specific dates and times. Use COB for existing customers and employees. If you have a deadline or a project request from a customer, you can use the acronym COB.
Using COB in a Business
COB has a lot of use when it comes to any business or industry. In general, this term is used to communicate efficiently and effectively with clients and also helps to save a lot of time. For example, a lot of companies use these terms to refer to the deadline for closing the business every day. At the same time, EOD is also used to inform about the deadline for a particular assignment.
Main Differences Between COB And EOD
COB | EOD |
COB stands for Close of Business. | EOD means End of the Day. |
It is due to different time zones that providing a deadline for any particular work is not possible. | EOD is used by those people who wish to refer any deadline for the completion of any task to their employees. |
COB is used by those people who work in different time zones. | EOD is used by companies that do their work in the same time zone. |
For example, if a person is working in India and is providing a deadline to any employee who is residing in the UK, then giving a deadline of 8 PM is of no use because of the difference in the timings. | For example, an employer of an Indian company situated in Mumbai assigning a deadline for a task to an employee in Delhi. |
Using COB could not be compared with the individual's timezone or work routine. | Using EOD is compared with the individual's timezone or work routine. |
It’s not bound in the time frame. | It is bounded in the time frame (end of the business day). |
Terms Similar To COB
EOB – End of Business
COP – Close of Play
EOP – End of Play
Guideline For Utilizing COB
Note that when using "COB", the closing time refers to 5:00 PM Eastern Time Zone. This is because New York City and financial markets actually characterize business hours based on what the organization, boss, agent, and subject are referenced. or branch. It is wiser to speak to your friend rationally and directly, without using too many abbreviations.
On the other hand, if you work for a global company with people all over the world, working in different time zones, you need to do something very similar and include the correct date and time in your due dates and respective time zones in your message.