Definition of OBO
OBO stands for “or best offer.” It’s commonly used in classified ads and online auctions to indicate that the seller is willing to negotiate on the price of the item.
For example, if you see an ad for a used car that says “OBO,” that means the seller is open to negotiating the price with you.
When used in online auctions, OBO typically means that the seller is willing to accept a bid that is lower than their starting bid, as long as it meets their minimum price.
A: I’m selling my car for $5,000 OBO.
B: What’s the lowest you’ll take?
A: I have a bike for sale, OBO.
B: How much are you looking for?
B: I’ll give you $80.
A: I’m selling my iPhone for $500 OBO.
B: I’ll give you $400.
A: Sorry, I’m looking for at least $450.
B: How about $425?
A: That’s fair. Done!
What is OBO on Contract?
OBO on a contract is an abbreviation for “or best offer.” It means that the person or company who has made the offer is willing to negotiate the terms of the contract with the other party.
For example, if you are selling your house and the contract says “OBO,” that means the buyer is willing to negotiate the purchase price with you.
The abbreviations “OBO” and “OBF” are both commonly used in real estate contracts. “OBF” stands for “or best financial offer.”
What is OBO on Text Messages?
OBO on text messages stands for “or best offer.” It means that the person sending the text message is willing to negotiate on the item’s price.
For example, if you are selling your car and you receive a text message that says “OBO,” that means the buyer is willing to negotiate the purchase price with you.
What does OBO Mean on Social Media?
OBO on social media typically stands for “or best offer.” It means that the person who is making the offer is willing to negotiate on the price of the item.
For example, if you see a post on Facebook Marketplace that says “OBO,” that means the seller is open to negotiating the price with you.
When used on social media, OBO can also stand for “over and out,” which is a way of saying goodbye.
What is OBO Meaning in Construction?
OBO in construction is an abbreviation for “OFFICE OF THE BUILDING OFFICIAL.”
The Office of the Building Official (OBO) is responsible for issuing building permits and performing inspections to ensure compliance with the California Building Code.
The OBO is also responsible for code enforcement, which includes investigating complaints and taking action to correct violations. The OBO is typically located within the city or county planning department.
What is OBO Meaning in Electrical?
The meaning of OBO in electrical is Ore/Bulk/Oil Carrier. OBO carriers are a type of vessel that is used to transport ore, bulk, and oil products. These vessels are typically large and have a number of decks that can be used to store the cargo.
OBO carriers typically have a number of cranes and other lifting equipment on board to help load and unload the cargo. These vessels are also equipped with a number of tanks that can be used to store oil products.
What is the Meaning of OBO on Craigslist?
OBO in craigslist typically stands for “or best offer.” It means that the person who is making the offer is willing to negotiate on the price of the item.
For example, if you see a post on craigslist that says “OBO,” that means the seller is open to negotiating the price with you.
What does OBO Mean in Sales?
OBO in sales is a short form of “or best offer.” It means that another party is willing to change the rate of the product that is being sold.
What is OBO Meaning in Terms of Government?
In Governmental abbreviations, it means “Bureau of Overseas Buildings Operations (OBO)” which is a US Government agency responsible for constructing and maintaining all US diplomatic missions overseas. OBO also provides security assistance to these missions and works to ensure that they are able to continue operating in the event of a crisis.
Does OBO Mean on Behalf of?
In some cases, OBO can mean “on behalf of.” For example, if you are selling something on behalf of someone else, you might say “I am selling this item OBO.” In this context, OBO means that you are willing to sell the item for whatever price the buyer is willing to pay.
10 Common OBO Acronyms You Should Know
- OBO – Or Best Offer
- OBF – Or Best Financial Offer
- BOM – Bill of Materials
- BOO – Budget and Operations Officer
- BOS – Bank of Scotland
- BOA – Bank of America
- BOP – Balance of Payments
- BOD – Board of Directors
- BOMD – Bill of Materials Definition
- BOPN – Bill of Part Numbers
Other Uncommon OBO Abbreviations
- Objecting Beneficial Owner
- Office of Business Opportunity
- Overseas Buildings Operations
- Oral Board Online
- Order Book Official
- Owner Buy Out
- Owned By Owner
- Outdoor Box Office
- One by One
- Observation (UK)