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OBO stands for or best offer. Usually the term is used when a seller lists a price he wants for an item followed by obo. This tells you his selling price is not set in stone.
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The oboe was invented by French musicians Jean Hotteterre and Michael Phildor in the 17th century. What they basically did was make some changes to an instrument, called a shawm,
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It has become a well known term for making sales in different product lines. "OBO" stands for "Or Best Offer". Often times people use this when they are auctioning
http://answers.ask.com/Sports/Other/what_does_obo_...
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