first-in, first-out

[ furst-in, furst-out ]

noun

1. 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 Compare last-in, first-out.
2. Computers. FIFO ( def 2 ).

Example Sentences

If wrestling now follows pankration into Olympic exile, then an interesting first-in-first-out reversal would be taking shape.

From The Daily Beast