COBOL Abbreviation
Looking for COBOL abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of COBOL in various groups like Business, and Computing.
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Popular abbreviations of COBOL:
Searching for COBOL abbreviation / COBOL full form leads to different results in different categories. The below table illustrates the popular acronyms among them.
| Term | Abbreviation | category |
|---|---|---|
| COBOL | Common Business Operating Language | Business Terms |
| COBOL | Common Business Oriented Language | Programming Languages |
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What does COBOL mean?
COBOL is the abbreviation for Common Business Oriented Language. It is an English-like compiled programming language used for business purposes. It is procedural, imperative and object-oriented in nature. It is primarily used by companies and governments for finance, business and administrative purposes.
It is still widely applicable in applications deployed on mainframes but due to the decrease in its popularity and the emergence of advanced languages, the applications have been transferred onto new platforms. The language reads data from a database or file, processes it and displays it afterward.
History of COBOL
The language was developed in the year 1959 by CODASYL and was based on another programming language known as FLOW-MATIC. The United States Defence Department initiated the effort for creating a language suitable for business purposes and usable on different types of mainframes.
Since then, it has been 63 years and COBOL is still used as a language for building business systems all around the world. It was standardized for the first time in 1968 and has been revised four times. In 2002, object-oriented programming support was initiated which was a huge success.
Why is COBOL still used?
The reason why COBOL is still used is as follows:
- It is one of the most flexible and reliable languages available. COBOL betters JAVA in its accuracy standards which is a necessity for the banking industry.
- Intervention in the COBOL world is risky and expensive. COBOL provides a sense of reliability and innovation that the IT industry requires.
How much is COBOL used?
Reports suggest that around 30000 companies in the world still work on COBOL. More significantly, 90% of the Fortune 500 companies still rely on COBOL for their business systems. 65% of the enterprise systems and 43% of the banking systems still rely on COBOL. It helps in running payroll systems, managing funds, managing online booking systems and e-commerce systems since it is created for transaction processing.
All Abbreviations of COBOL in 2 categories:
If you are looking for COBOL meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.
COBOL abbreviation in Business:
What does COBOL mean in Business category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| COBOL | Common Business Operating Language |
COBOL abbreviation in Computing:
What does COBOL mean in Computing category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| COBOL | Common Business Oriented Language |
Frequently Asked Questions (FAQ)
Q. What is the abbreviation of COBOL in Business?
The full form of COBOL is Common Business Operating Language in Business category.
Q. What does COBOL stands for in Computing?
COBOL stands for Common Business Oriented Language in Computing category.