As mentioned above, EOD is used to denote that a task should be completed by the end of the business day (typically 5:00 p.m.) in whatever time zone you're working in. COB, however, refers specifically to both the end of a business day and the time in which the New York City financial markets close–5:00 p.m. EST.
Acronyms are an efficient way for business professionals to communicate with one another. When a supervisor assigns a task, they may detail whether it's due at the close of business (COB) or the end of the day (EOD). It's important to know the difference between COB and EOD to avoid missing any important deadlines.
(ɛnd deɪt ) noun. the date on which something such as a contract, right, or legal obligation ends. Luber would not comment on any potential end date to the new directive. Tenants cannot be evicted before the fixed end date unless they have broken their contractual obligations.
Set Goals, Strategize, and Write It All Down
With your financials at hand and a thorough understanding of the last year's performance, the end of the year marks the perfect time to focus on setting goals and coming up with specific strategic plans to achieve those goals.
Key Takeaways
Fiscal year-end is the last day of a company's 12-month accounting period, which is used for financial and tax reporting purposes. If a company has a fiscal year-end that is the same as the calendar year-end, it means that the fiscal year ends on Dec. 31.
The closing date refers to the date when a company purchase and sale transaction is signed off and completed. This date may be different than the effective date, which is the date when the transaction is deemed to have occurred.
COB refers to the end of the business day according to the Eastern Standard Time (EST) in the United States, usually 5 pm EST.
Definite end contract: This type of contract has a clearly specified end date (which you will need to calculate). A common example here is when contracting a plumber for repairs.
abbreviation for end of day: used, especially in business, to mean the end of the working day: by EOD There is an escalation on that. I need results by EOD. Synonyms.
Midnight marks the beginning and ending of each day in civil time throughout the world. As the dividing point between one day and another, midnight defies easy classification as either part of the preceding day or of the following day.
To provide the President with the support that he or she needs to govern effectively, the Executive Office of the President (EOP) was created in 1939 by President Franklin D. Roosevelt.
Business people commonly use COB and EOB interchangeably. EOB stands for “end of business,” a phrase that has the same meaning as “close of business.” In other words, the time when a company closes its doors at the end of the day.
Related Definitions
End of the Business Day means 5:00 P.M. Eastern Time (ET).
Business days for banks are typically Monday through Friday from 9 a.m. to 5 p.m., excluding federal holidays. Transactions received outside of these hours are typically posted on the next business day.
EOD is quite different from COB's as it refers to the End of the Day. This end of the day does not mean ending the day with evening or night. In terms of business and trading, it is somehow the time by when you will be completing your urgent tasks with no proper deadlines, but you have to do it as soon as possible.
Use-by dates are about safety
This is the most important date to remember. Never eat food after the use-by date, even if it looks and smells ok, as it could make you very ill. You can eat food until midnight on the use-by date shown on a product, but not after, unless the food has been cooked or frozen.
Due Date is when something should be completed by. End Date is the last date something can be submitted. You can submit past the due date and it would be flagged as being turned in late. You cannot submit anything after the end date.
A business day is every day except Saturdays, Sundays and federal holidays. Electronic transactions conducted via our electronic banking products (excluding Mobile Deposit & Online Loan Payments) have a cut-off time of 6:00 p.m. Central Standard Time on any Monday through Friday that is not a bank holiday.
the end of the working or business day: With luck we will have the project up by end of day tomorrow.
Last Business Day means the last business day that ends before information about the Material Event becomes publically disseminated.
COB stands for “close of business.” It refers to the end of a business day and the close of the financial markets in New York City, which define U.S. business hours. It's used in business communications to set a deadline for a task to be completed by 5:00 PM Eastern Standard Time (EST).
Meaning of closing date in English. the last day on which you are allowed to do something, for example enter a competition: Competition entries received after the closing date will not be accepted. The closing date for applications is at the end of this month.
Your credit card closing date is the last day of your billing cycle. Your credit card statement generates at the end of your closing date, and the due date is at least 21 days later. If you don't pay your credit card's minimum payment between the closing date and the due date, you may incur a late fee.