FOB stands for "freight on board." The term is used to describe the point in a transaction where a product being shipped becomes the property of the buyer. In an FOB Origin shipping arrangement, the ...

In international shipping, the acronym FOB means "free on board." For domestic shipping within the United States it may also be short for "freight on board," but that doesn't affect the legal meaning.

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. David Kindness is a Certified Public Accountant (CPA) ...

If your business involves shipping, importing, and exporting, then understanding freight costs is going to be a huge part of making your business a success. One of the key things you need to ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...