Free On Board. A shipping term which indicates that the supplier pays the shipping...

Freight on board. Point at which responsibility for freight transfers from consignor to consignee; may be shipper's dock, receiver's dock or alternate specified address as agreed upon.

Clause in international trade whereby the buyer undertakes to pay all the costs incurred when the goods are placed at the port of embarkation.

A transaction in which the seller provides product or crude oil at an agreed unit price, at a specified loading port within a specified period; it is the responsibility of the buyer to arrange for transportation and insurance and lift the material within the specified laytime.

A little pocket for a watch; -- callled also a watch pocket.

a short chain or ribbon attached to a pocket watch, usually worn hanging out of the watch pocket, and used to conveniently remove the watch from the watch pocket.

A short chain with a decorative seal or other device attached to the end. The fob and chain hung outside watch pocket, and could be used to pull the watch out of the pocket.

a vest pocket to hold a pocket watch

FOB price spread at Friday close

FOB price spread for the week

Fundamental Operating Budget. The total amount of money required to pay for current-year programs, staffing and services at next year's prices -- i.e., what the next year's budget would be if the current year's budget were simply "rolled over."

fob refers to the price of a commodity on a vessel at its point of departure. The price usually includes transport insurance and loading costs.