LIFO

[lahy-foh]

noun

1. last-in, first-out.

2. Computers.,  a data storage and retrieval technique, usually implemented using a queue, in which the last item stored is the first item retrieved.

LIFO

/ ˈlaɪfəʊ /

acronym

1. last in, first out (as an accounting principle in sorting stock) Compare FIFO

Word History and Origins

Origin of LIFO¹

l(ast) i(n,) f(irst) o(ut)

Example Sentences

Rite Aid’s quarterly net loss improved mainly due to a “last-in-first-out,” or LIFO, inventory credit of more than $12 million this year.

Read more on Seattle Times

The opposite of LIFO, taking a reverse chronological approach means dealing with the oldest emails first.

Read more on Time

Its cost exceeds even such boondoggles as LIFO, which allows oil companies to report artificial inventory profits.

Read more on Forbes

That rule is known as “last in, first out,” or LIFO.

Read more on Washington Post

"LIFO has to be repealed," to generate revenue for the revamp effort, a senior Republican staff member working on the tax overhaul said.

Read more on Reuters