first-in, first-out
Americannoun
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an inventory plan that assumes that items purchased first will be sold first and that by valuing inventory items at the price of the most recent purchases, inventory values will be comparable to any rise in prices. FIFO
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Computers. FIFO.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
FIFO, or "first-in, first-out," is a classic eviction algorithm developed in the 1960s.
From Science Daily ● Jan. 24, 2024
In addition, the agency handles all amended returns, regardless of whether they are amending a current or prior year, on a first-in, first-out basis.
From Washington Post ● Mar. 22, 2023
If the first-in, first-out rule for selling blocks of stock, which I wrote about last week, takes effect, one option that increases in attractiveness is giving appreciated stock to young adults.
From New York Times ● Dec. 15, 2017
In 2002, Amazon changed the way it accounted for inventory, from the last-in first-out, or LIFO, system to first-in first-out, or FIFO.
From BusinessWeek ● Oct. 10, 2013
If you decline the blended rate and go for the "first-in first-out" approach, you'll pay only at the 20% rate on remaining payments to you.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
