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.

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 ...