Common Business-Oriented Language or COBOL as we all know it, is one of the first high-level programming languages that’s still around today. This imperative, procedural, and object-oriented language is still active mainly to maintain and support existing business, finance, and administrative systems. It’s highly likely that COBOL (like Visual Basic) is seeing its last days but it still has things to offer, especially a surprising mainframe processing speed. 

COBOL (; an acronym for "common business-oriented language") is a compiled English-like computer programming language designed for business use. It is an imperative, procedural and, since 2002, object-oriented language.