CBO
Abbreviation with 3 meanings
| Stands for | Congressional Budget Office |
|---|---|
| Meanings | 3 |
| Categories | Government & Politics, Business & Finance, Organizations & Companies |
CBO has three meanings. The most common are Congressional Budget Office (US federal agency) and Chief business officer (job title); it can also stand for Community-based organization.
Meanings of CBO at a glance
| # | CBO stands for | Context |
|---|---|---|
| 1 | Congressional Budget Office | Government & Politics › US Federal Agency |
| 2 | Chief business officer | Business & Finance › Job Title |
| 3 | Community-based organization | Organizations & Companies › Nonprofit |
1. Congressional Budget Office
Government & Politics · US Federal Agency Abbreviations
Nonpartisan agency of Congress that produces budget and economic projections and estimates the cost of legislation, known as "scores". Its analyses of bills' effects on deficits and health insurance coverage are often decisive in congressional debates.
Example: The CBO estimates that the bill would add $2.4 trillion to deficits over ten years.
Created by the Congressional Budget and Impoundment Control Act of 1974, it opened in 1975 and is headed by a Director appointed by congressional leaders for a four-year term. Most estimates cover a ten-year "budget window", while its long-term outlook projects federal debt decades ahead.
2. Chief business officer
Business & Finance · Job Title Abbreviations
Dealmaking executive, especially in biotechnology, pharmaceutical and technology companies, responsible for business development, partnerships, licensing and sometimes commercial operations. In biotech, the CBO often negotiates licensing deals and collaborations with larger drug companies.
Example: The biotech's CBO negotiated a licensing deal worth $50 million up front plus milestones.
CBO is also widely known as the Congressional Budget Office, the nonpartisan US agency that estimates the cost of legislation; context usually makes the meaning obvious. The corporate title is less standardized than CFO or COO, so responsibilities differ from firm to firm.
3. Community-based organization
Organizations & Companies · Nonprofit Abbreviations
Local nonprofit or grassroots group that works within a specific neighborhood or community, often run by residents, to provide services or advocate on local issues such as health, housing or youth programs.
Example: The health department funded three CBOs to run vaccination outreach in their neighborhoods.
Public health agencies and foundations often require partnerships with CBOs because of their local trust and knowledge. CBOs may be informal or registered nonprofits. In US federal budget news, CBO means the Congressional Budget Office, a much more frequent meaning.
Related abbreviations
More US federal agency abbreviations
- BJS – Bureau of Justice Statistics
- BLM – Bureau of Land Management
- BLS – Bureau of Labor Statistics
- BOP – Federal Bureau of Prisons
- CBP – U.S. Customs and Border Protection
- CDC – Centers for Disease Control and Prevention
- CEA – Council of Economic Advisers
- CFPB – Consumer Financial Protection Bureau
See all 152 US federal agency abbreviations →