The price of a traded good excluding transport cost. It stands for "free on board," but is used only as these initials (usually lower case: f.o.b.). It means the price after loading onto a ship but before shipping, thus not including transportation, insurance, and other costs needed to get a good from one country to another. Contrasts with CIF and FAS.
Browse by Subjects
free on board
See All Related Terms »
National Securities Trading System (NSTS)
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):