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English definition of “obo”

obo

noun US
written abbreviation for or best offer : used in advertisements for possessions that people are trying to sell , to show that they will accept slightly less money than the price they are asking for: Exercise bike for sale - $40 obo.Advertising, marketing and merchandisingRetailing
(Definition of obo noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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