| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
Free On Board - FOB
Definition 1.
A trade term requiring the seller to deliver goods on board a vessel designated by the buyer. The seller fulfills his obligations to deliver when the goods have passed over the ship's rail.When used in trade terms, the word "free" means the seller has an obligation to deliver goods to a named place for transfer to a carrier.
|
|
|