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LIFO
[ lahy-foh ]
noun
- 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
- last in, first out (as an accounting principle in sorting stock) Compare FIFO
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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"LIFO has to be repealed," to generate revenue for the revamp effort, a senior Republican staff member working on the tax overhaul said.
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