What does it mean when people say OBO?

Question

Lately, I've been seeing the letters OBO a lot when I go on craigslist and some other websites that sell stuff.

What does OBO stand for?

Answer 1

Or

Best

Offer

Meaning they will negotiate the price with you.

Answer 2

Or Best Offer -OBO

Answer 3

They will say something costs $100 OBO which means they will accept $100 or your best offer. OBO stands for Or Best Offer.

Answer 4

Or Best Offer.

:)

Answer 5

In business, for ex, next to $100 OBO = $100 or best offer , you can pay them 100 or you offer less, 90, 80, they will consider your offer. So clear? ^^

Have a great day