"OBO" most commonly stands for "Or Best Offer." It is an abbreviation used primarily in advertisements, especially for selling items like cars, furniture, or other goods. When a seller lists a price followed by "OBO," it means they are willing to accept offers slightly lower than the stated price, showing flexibility and openness to negotiation
. In other contexts, "OBO" can have different meanings, such as acronyms for organizations or terms like "Bureau of Overseas Buildings Operations" or "Open Biomedical Ontologies," but in everyday usage related to buying and selling, "Or Best Offer" is the primary meaning
. Summary:
- OBO = Or Best Offer
- Indicates price flexibility in sales listings
- Seller is open to offers lower than the asking price
This usage helps buyers know they can negotiate rather than pay the exact listed price
