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OBO

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dwm

12-21-2004 20:56:46

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Hey, I've got another one. I see OBO a lot on something for sale. For all my years, I thought it meant one thing, then I heard someone not too long ago say it stood for something else. Opinions?

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dwm

12-22-2004 15:37:05

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

Thanks everyone, for confirming what I always thought it meant--'or best offer'-- Though I did like the 'musical wind instrument' thing though :)
Somebody wrote into one of those 'Ask the Mechanic' deals in the newspaper and asked what OBO stood for, in this case in a car ad in the classified section. The reply was 'offered by owner'. I guess as opposed to a dealer? I always wondered where this guy got that. dwm

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Harold H

12-22-2004 08:52:18

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

Or best offer.

Harold H

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e-manhunt

12-22-2004 07:38:12

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

I thought it was a wood wind musical instrument.

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George G

12-22-2004 07:10:59

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

It stands for, just what you thought. I don't know where someone got the idea that it stood for what you heard.

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MagMan

12-22-2004 06:23:30

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

Alot of them around here use BRO or just RO
FOR BEST REASONABLE OFFER. JON

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Charles Park

12-22-2004 07:35:50

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Re: OBO in reply to MagMan, 12-22-2004 06:23:30

OBO stands for Or Best Offer. This is my 2 cents worth.

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Jeff In Ontario

12-22-2004 05:36:31

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

I"ve always understood it to mean "Or Best Offer"

Jeff

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Bob

12-21-2004 21:08:06

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Re: OBO in reply to dwm, 12-21-2004 20:56:46

Common meaning is "Or Best Offer".

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GeorgeH

12-22-2004 03:41:07

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Re: OBO in reply to Bob, 12-21-2004 21:08:06

And whenever I see one, I wonder "by when"? And whenever I make one I wonder "what happened to it"!

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Andy Martin

12-22-2004 06:04:03

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Re: OBO in reply to GeorgeH, 12-22-2004 03:41:07

Yeah, it's a lie. It means or best offer, but by when is never specified, and if the best offer is not what the seller wants he does not sell. A little like an auction where you find out when you go to pay that your high bid was not accepted by the seller even though other bidders thought you bought at that price.

I've learned to ask "Is this an absolute auction" when they ask for questions at the start, after I was the high bidder on 147 acres of farm ground being sold by out of state heirs by their lawyer.

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