What Is The Full Form Of EOD?
The full form of EOD is at the end of the day. It is a very commonly used jargon in the professional world, whether a management firm, accounting or a company of IT professionals. This term is a very frequently used word.
The term means, end of the working day or business day and signifies that the working hours, like 9-5, are over.
How Do People Use It?
People use it to set a deadline for their work or task until the end of that day’s working hours. For example, if your boss sets the task’s deadline to the end of the day, you are supposed to complete the work before your working hour ends.
How Not To Use The Term?
- The tem EOD is a very informal term for boss-employee or colleagues, and thereby should not be used
- The tem EOD may also lead to confusion with your clients, your client may not know your working hours or this jargon itself. Therefore it is better to use the exact date and time for your clients instead of jargon like these
- Sometimes while dealing with your foreign clients, your end-of-day timings may be different from the time zones of your clients, which may lead to some confusion of deadlines; therefore, it’s better to state the exact time, date, and day. You must be clear with the deadlines
- However, with local clients in your time zone, you may use this acronym sometimes, as they would know what time you are referring to when you say the end of the day
What Does EOD Mean To Different Sectors?
- For management or IT sectors, the end of the day simply would mean the end of working day or working hours, but for finance professionals, this may also be used to close share markets for the day
- This term may also mean the end of their duty hours for army personnel or other departments
- In some sectors, EOD may also mean the end of actual hours, before the last daily routine work in the companies, for example, settlement of all stock orders in a financial firm
Some Other Similar Acronyms:
Instead of EOD, some other acronyms are also used in the same reference end of the business, close of business, end of play, and close of play. These terms are used interchangeably when the boss wants to set the deadline of a task given by him.
Usually, the end of play or close of play is used by investment and finance professionals, as play here refers to the stock selling and buying and the stock market as a whole.
What Is A Business Day?
Business day refers to the working hours of a company or the firm, so if the company runs from 9-5, the end of the day would be considered as 5. For finance firms, the end of the day happens sometime after the closure of stock markets for clearance of accounts.
Advantages Of Acronyms:
EOD acronym makes your emails shorter, makes messages shorter, the boss can set the deadline for the employee, and this jargon is now an integral part of the professional world as this is now a frequently used term in professional vocabulary. It gives new professionals a very formal and good feeling as they blend with other employees as they are using the same terms as their other colleagues.
Examples Of The Usage Of This Term:
- “Employee name” please complete this project presentation by the end of the day. – Here, the employer wants the task to be completed before the working hour’s end.
- I will submit this article and report it to the EOD.- Here, the person is affirming that he would submit his task before the end of working hours.
- Please send us your details to get back to you by tomorrow’s EOD.- This is sort of a deadline, where you are telling someone to send you something, and you are also letting them know the maximum wait time, before which you will contact them.
- The deadline of submission is Monday EOD.- completely stating the deadline.
Conclusion:
The term EOD means the end of the day and is an extremely common terminology or jargon amongst the formal sector; it’s used in day to day working between colleagues and employee-employer, one must know the meaning of it and use is mostly informally, because formally it may lead to confusions as talked about in the article.