What is COBOL programming language?

COBOL (Common Business-Oriented Language) is a high-level programming language designed primarily for business, finance, and administrative systems. Developed in the late 1950s, COBOL is known for its readability and ability to handle large volumes of data processing. It is still widely used in legacy systems within sectors like banking, government, and insurance. COBOL code is designed to be self-documenting, making it easier to maintain and update. Despite its age, COBOL remains critical for many organizations' core systems.