first-in, first-out
[ furst-in, furst-out ]
/ ˈfɜrstˈɪn, ˈfɜrstˈaʊt /
noun
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. Abbreviation: FIFO Compare last-in, first-out.
Computers. FIFO(def 2).
RELATED CONTENT
Democrats vs. Republicans: Which Came First?Since Democrats and Republicans appear to have an inexhaustible appetite for enjoying political friction, it seems worth offering some insight on which label came first, in the hopes that each group can use it to browbeat the other. The short answer is that republican came first, but as with so many political issues, that does not necessarily mean what we might think. The earliest recorded …
Nearby words
first-degree murder, first-dollar coverage, first-foot, first-generation, first-hand, first-in, first-out, first-line, first-loss policy, first-name, first-nighter, first-order
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019