Define tram: any of various vehicles: such as; a carrier that travels on an overhead cable or rails; streetcar â tram in a sentence any of various vehicles: such as; a carrier that travels on an overhead cable or rails; streetcarâ¦
Best Answer: Free on board(freight on board) price means a price which includes goods plus the services of loading those goods onto some vehicle or vessel at a named location, sometimes put in parentheses after the f.o.b. example: fob(shipping point)-means the price is good only till the loading /shipping area.
Definition. The initials FOB stand for either free on board or freight on board.. Either way, it has the same definition. When using the term in business, buyers and sellers attach FOB to the beginning of a location to show the point at which freight changes hands from seller to buyer.For instance, a buyer who purchases freight FOB Columbus receives that freight from the seller in Columbus.hen using the term in business, buyers and sellers attach FOB to the beginning of a location to show the point at which freight changes hands from seller to buyer.