COBOL (Common Business Oriented Language)
COBOL, which is an acronym for Common Business Oriented Language, is a programming language that is commonly used in business, administration and finance systems for business and government use, especially in mainframe and mini-computer environments.
The language was initially created in 1959 by the U.S. Department of Defense’s Short Range Committee, initiated to create a common business programming language in the near term. The Committee consisted of various computer manufacturing companies and multiple government agencies and created a language that would be more lasting than they likely envisioned. The COBOL language itself owed much to its pre-cursor, FLOWMATIC, which was developed in the mid-1950s. Currently, variations of COBOL include, among others, Microsoft COBOL, IBM OS/VS COBOL and Unix COBOL X/Open.
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