COBOL is one of the oldest programming languages. Its name is an acronym for COmmon Business-Oriented Language, defining its primary domain in business, finance, and administrative systems for companies and governments.
The COBOL 2002 standard includes support for object-oriented programming and other modern language features .
The COBOL specification was created by a committee of researchers from private industry, universities, and government during the second half of 1959. The specifications were to a great extent inspired by the FLOW-MATIC language invented by Grace Hopper – commonly referred to as “the mother of the COBOL language.” The IBM COMTRAN language invented by Bob Bemer was also drawn upon, but the FACT language specification from Honeywell was not distributed to committee members until late in the process and had relatively little impact. FLOW-MATIC’s status as the only language of the bunch to have actually been implemented made it particularly attractive to the committee.