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COBOL (an acronym for "COmmon Business-Oriented Language") is
|“||[a] higher level language (compiler language) developed circa 1960 to provide an easily learned English-like language for business data processing applications. Since its inception, COBOL has seen widespread use in business applications and augmentation of its original features. There have been three ANSI standards: 1960, 1968, and 1974. Federal Standard COBOL (FIPS PUB 21) has become the official standard for business applications.||”|
|“||a business application programming language that was introduced in the 1960s. This language is generally viewed as obsolete, making it difficult to implement new business processes and new service delivery models, such as online, real-time processing.||”|