51Թ

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LIFO

[ lahy-foh ]

noun

  1. Computers. a data storage and retrieval technique, usually implemented using a queue, in which the last item stored is the first item retrieved.


LIFO

/ ˈɪəʊ /

acronym for

  1. last in, first out (as an accounting principle in sorting stock) Compare FIFO
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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51Թ History and Origins

Origin of LIFO1

l(ast) i(n,) f(irst) o(ut)
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Example Sentences

Examples have not been reviewed.

Rite Aid’s quarterly net loss improved mainly due to a “last-in-first-out,” or LIFO, inventory credit of more than $12 million this year.

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The opposite of LIFO, taking a reverse chronological approach means dealing with the oldest emails first.

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Its cost exceeds even such boondoggles as LIFO, which allows oil companies to report artificial inventory profits.

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That rule is known as “last in, first out,” or LIFO.

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"LIFO has to be repealed," to generate revenue for the revamp effort, a senior Republican staff member working on the tax overhaul said.

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