Common Business Oriented Language - COBOL

AAA

DEFINITION of 'Common Business Oriented Language - COBOL'

A type of language used in computer programming. Common Business Oriented Language was first introduced in the late '50s and early '60s for use in various types of business applications. COBOL resembles the English language much more closely than many other programming languages.

INVESTOPEDIA EXPLAINS 'Common Business Oriented Language - COBOL'

COBOL was developed in the late '50s, originating out of the Conference on Data Systems Languages. The language was developed by the private sector, in partnership with the U.S. government, to be both portable and readable. The language ceased to be widely used in the '90s; however, it can still be found on some legacy systems.

RELATED TERMS
  1. Abend

    An unexpected end to a computer program that results in the system ...
  2. Advanced Technology Vehicle Manufacturing ...

    A U.S. Government subsidy created under section 136 of the Energy ...
  3. Assembly Language

    A very simple type of computer programming language. Assembly ...
  4. Zero-One Integer Programming

    An analytical method consisting of what amounts to a series of ...
  5. Proprietary Technology

    A process, tool, system or similar item that is the property ...
  6. Terotechnology

    A word derived from the Greek root word "tero" or "I care", that ...
RELATED FAQS
  1. What are cleantech stocks?

    Clean technology, commonly referred to as cleantech, is a term used to describe environmentally-friendly technologies that ... Read Full Answer >>
  2. What are key factors that are generally considered in demographic studies conducted ...

    Key demographic factors that a company might examine to assess a potential market and more effectively target potential customers ... Read Full Answer >>
  3. How does an investor compute a Seasonally Adjusted Annual Rate of Sales for an automotive ...

    The seasonally adjusted annual rate of sales (SAAR) for an automotive company can be calculated by taking the unadjusted ... Read Full Answer >>
  4. How might a company use demographics to assess the size of a potential market?

    Demographics can be used to help a company determine key characteristics of the potential population to which it company ... Read Full Answer >>
  5. What is the difference between a silent partner and a general partner?

    Business structures provide benefits to business owners and entrepreneurs. In the small business arena, the most common business ... Read Full Answer >>
  6. What are the pros and cons of a business temporarily closing once a shutdown point ...

    The first and primary benefit of a business stopping operations after crossing a shutdown point is that it won't run the ... Read Full Answer >>
Related Articles
  1. Mutual Funds & ETFs

    Technology Sector Funds

    Evaluate past performance before investing in these types of gadget funds, as technology investors have been on a wild ride for a few years.
  2. Investing

    Clean Or Green Technology Investing

    Innovations in energy and consumption grow as companies adopt them to reduce costs.
  3. Fundamental Analysis

    The History Of Information Machines

    Discover how technology changed the way we exchange information when trading.
  4. Active Trading

    The Ups And Downs Of Biotechnology

    This volatile sector can provide huges gains, but there's also lots of downside.
  5. Investing Basics

    Netflix's Billion-Dollar Content Licensing Budget

    Understand how Netflix selects the TV shows and movies it streams to its subscribers, and learn how it finances those licensing deals.
  6. Economics

    What is Managerial Accounting?

    Managerial accounting is internally-based accounting that helps managers measure the results of their decisions.
  7. Investing Basics

    Should Netflix Consider Commercials And Ads?

    Understand why Netflix does not currently support commercials or ads on its streaming site, and learn how it could benefit if that changed.
  8. Fundamental Analysis

    Explaining Capitalized Cost

    A capitalized cost is an expense associated with a fixed asset that is added to the basis of that asset and expensed over its depreciable life.
  9. Taxes

    What's an Audit?

    An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent.
  10. Economics

    How to Do a Cost-Benefit Analysis

    The benefits of a given situation or business-related action are summed and then the costs associated with taking that action are subtracted.

You May Also Like

Hot Definitions
  1. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  2. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
  3. Bund

    A bond issued by Germany's federal government, or the German word for "bond." Bunds are the German equivalent of U.S. Treasury ...
  4. European Central Bank - ECB

    The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed ...
  5. Quantitative Easing

    An unconventional monetary policy in which a central bank purchases private sector financial assets in order to lower interest ...
  6. Current Account Deficit

    A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!