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) ...