COBOL (/ˈkoʊbɒl/, an acronym for common business-oriented language) is a compiled computer programming language designed for business use. It is imperative, procedural and, since 2002, object-oriented. It was designed in 1959 by the Conference on Data Systems Languages (CODASYL) and was largely based on previous programming language design work by Grace Hopper, commonly referred to as "the mother of COBOL".
COBOL is primarily used in business, finance, and administrative systems for companies and governments. In 1997, Gartner Group estimated that there were a total of 200 billion lines of COBOL...