COBOL (Common Business-Oriented Language) is a programming language with English-like syntax. It is readable but verbose compared to other programming languages. CODASYL (Conference on Data Systems Languages) created COBOL in 1959 based on design work from Grace Hopper. It was standardized in 1968. COBOL is still present in large-scale batch processing and transaction processing where legacy applications are being used, usually in government, financial, and administrative systems.