LIFO

American  

[lahy-foh] / ˈlaɪ foʊ /

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.

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LIFO British  

/ ˈlaɪfəʊ /

acronym

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

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Etymology

Origin of LIFO

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.

From Seattle Times

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

From Time

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

From Forbes

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

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"LIFO has to be repealed," to generate revenue for the revamp effort, a senior Republican staff member working on the tax overhaul said.

From Reuters