Dictionary.com
definitions
  • synonyms

last-in, first-out

[last-in, furst-out, lahst-]
See more synonyms for last-in, first-out on Thesaurus.com
noun
  1. an inventory plan based on the assumption that materials constituting manufacturing costs should be carried on the books at the market price of the last lot received. Abbreviation: LIFOCompare first-in, first-out.
  2. Computers. LIFO(def 2).
Show More

Origin of last-in, first-out

First recorded in 1935–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018