LIFO(redirected from Li-fo)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.
See last-in, first-out.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
n acronym for
(Accounting & Book-keeping) last in, first out (as an accounting principle in sorting stock). Compare FIFO
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
1. a method of handling inventory costs at the price of the earliest items, assuming that items purchased last will be sold first. Abbr.: LIFO Compare first-in, first-out.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Switch to new thesaurus
|Noun||1.||LIFO - inventory accounting in which the most recently acquired items are assumed to be the first sold|
inventory accounting - accounting that controls and evaluates inventory
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
LIFO[ˈlaɪfəʊ] ABBR =last in, first out → UEPS
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005
LIFO[ˈlaɪfəʊ] n abbr =last in first out → lifo m inv
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995