first-in, first-out (fûrst'ĭn' fûrst'out')
n. A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost of goods sold, a higher gross profit (assuming constant price), and a higher taxable income. Also called FIFO. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Slang Dictionary
FIFO
- phr.
first in, first out; the first items placed in the stack are the first items to be retrieved. (Computers. Acronym. See also GIGO; LIFO.) : Oh, I thought this thing was FIFO, and I put the stuff in the wrong order.
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Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary
Main Entry:
FIFOPronunciation:
'fI-"fOFunction:
abbreviationfirst in, first out
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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The Free On-line Dictionary of Computing, © 1993-2007 Denis Howe
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The American Heritage® Abbreviations Dictionary, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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[fahy-foh] 
foʊ