'OBO' stands for 'or best offer,' a phrase often seen in classified ads, online marketplaces, or real estate listings. When you see a price followed by OBO, it indicates that the seller is open to negotiation.
When you're shopping for a used vehicle, you may come across an OBO car listing — but what exactly does OBO mean? In short, it stands for "or best offer".
What does OBO stand for? OBO stands for “or best offer” and is typically used to indicate price flexibility on a sale (whether it's for a car or something else, like used furniture).
This shorthand stands for "or best offer," a phrase that carries significant implications in the world of buying and selling. Essentially, when a seller uses OBO, they are signaling their willingness to negotiate; they're open to considering offers that may be lower than their listed price.
With more buyer interest and the flexibility to negotiate, you're likely to get acceptable offers sooner. If you need to sell an item quickly, the back-and-forth of OBO can be worth it.
On-Behalf-Of (OBO) transactions may be of two kinds. OBO payment is where a customer is making a payment on behalf of another. OBO collection is where a customer is receiving a payment on behalf of another.
In advertisements, obo is used after a price to indicate that the person who is selling something is willing to accept slightly less money than the sum they have mentioned. obo is a written abbreviation for `or best offer. '
OBO has always meant "OR BEST OFFER", however there are no obligations implied by that. The seller (owner) decides on what to accept. As to the buyer "Let the buyer beware" (don't release any payment until you KNOW it's the deal you WANT).
Increased Interest: By signaling price flexibility, OBO can attract more potential buyers who might otherwise overlook a property listed at a fixed price. Quick Sales: Sellers looking for a swift transaction can benefit from OBO by receiving multiple offers in a shorter timeframe.
written abbreviation for or best offer: used in advertisements for used goods to say that the seller will accept slightly less than the price stated: Lexus for sale: $15,000 o.b.o.
A true lowball offer is considered to be 20% off the listing price. For example, if your home is on the market for $850,000 and you receive an offer for $680,000, you've received a low ball offer.
abbreviation. or best offer: (used in an ad for something being sold, usually after citing the asking price, to say that the seller will consider accepting a lower price for the item). Used bike, together with panniers and water bottle, $200 OBO. All items at the garage sale are obo.
written abbreviation for or best offer: used in advertisements for possessions that people are trying to sell, to show that they will accept slightly less money than the price they are asking for: Exercise bike for sale - $40 obo.
A best and final offer (BAFO) is a buyer's last chance to make the strongest bid before the seller decides. Sellers usually ask for BAFOs when multiple buyers are interested and want to simplify negotiations. Buyers should know their budget, stay flexible where they can, and avoid overextending themselves.
Tekky is actually Techy (pronounced tekky) It's a shortened version of the word technology. It means something or someone overly technical. A Techy can also be a nerd or a geek, someone who is obsessed with computers and technology in general.
Payments-on-behalf-of (POBO) A regional treasury centre (RTC) or shared service centre (SSC) makes payments "on behalf of" its participating group of companies through a single account (usually by currency). These payments are booked on the originating entity's intercompany account.
An objecting beneficial owner (OBO) instructs the financial intermediary who holds the securities to not provide the owner's name and personal information to the company that issued the securities. A non-objecting beneficial owner (NOBO) agrees to allow their personal information to be released to the company.
An OBO account is an arrangement where funds are held and managed directly on behalf of a specific client, often seen in asset management or trust services. Unlike FBO accounts, where the bank holds funds, OBO accounts involve more direct control by the managing party.
