Characters
The most basic and indivisible unit of the COBOL language is the character. The basic character set includes the letters of the Latin alphabet, digits, and special characters.
In the COBOL language, individual characters are joined to form character-strings and separators. Character-strings and separators, then, are used to form the words, literals, phrases, clauses, statements, and sentences that form the language.
For certain language elements, the basic character set is extended with the EBCDIC Double-Byte Character Set (DBCS).
DBCS characters can be used in forming user-defined words.
The content of alphanumeric literals, comment lines, and comment entries can include any of the characters in the computer's compile-time character set, and can include both single-byte and DBCS characters.
Runtime data can include any characters from the runtime character set of the computer. The runtime character set of the computer can include alphanumeric characters, DBCS characters, and national characters. National characters are represented in UTF-16, a 16-bit encoding form of Unicode.
When the NSYMBOL (NATIONAL) compiler option is in effect, literals identified by the opening delimiter N" or N' are national literals and can contain any single-byte or double-byte characters, or both, that are valid for the compile-time code page in effect (either the default code page or the code page specified for the CODEPAGE compiler option). Characters contained in national literals are represented as national characters at run time.
For details, see User-defined words with DBCS characters, DBCS literals, and National literals.

| Character | Meaning | Use | Example |
|---|---|---|---|
| Space | Punctuation character |
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| + | Plus sign | Arithmetic operator |
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| Editing character |
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| - | Minus sign or hyphen | Arithmetic operator |
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| Editing character |
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| Continuation character |
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| COBOL word element |
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| * | Asterisk | Arithmetic operator |
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| Editing character |
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| Comment character |
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| / | Forward slash or solidus | Arithmetic operator |
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| Editing character |
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| Continuation character |
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| = | Equal sign | Assignment character |
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| Relation character |
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| $ | Currency sign1 | Editing character |
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| , | Comma | Editing character |
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| Punctuation character |
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| ; | Semicolon | Punctuation character |
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.
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Decimal point or period | Editing character |
|
| Punctuation character |
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"
|
Quotation mark2 | Punctuation character |
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' |
Apostrophe | Punctuation character |
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| ( | Left parenthesis | Punctuation character |
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| ) | Right parenthesis | Punctuation character |
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| > | Greater than | Relation character |
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| < | Less than | Relation character |
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| : | Colon | Relation character |
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| _ | Underscore | User-defined word element |
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| A - Z | Alphabet (uppercase) | Alphabetic characters | / |
| a - z | Alphabet (lowercase) | Alphabetic characters | / |
| 0 - 9 | Numeric characters | Numeric characters | / |
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