LIFO

/ˈlifoʊ/
IPA guide

Definitions of LIFO
  1. noun
    inventory accounting in which the most recently acquired items are assumed to be the first sold
    synonyms: last in first out
    see moresee less
    type of:
    inventory accounting
    accounting that controls and evaluates inventory
Cite this entry
Style:
MLA
  • MLA
  • APA
  • Chicago

Copy citation
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘LIFO'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
Word Family

Vocabulary lists containing LIFO

Century 21 Accounting, 9e, Chapters 15-20

Invest your interest in this list to watch your vocabulary accrue. Here are links to our lists for the textbook: Chapters 1-3, Chapters 4-7, Chapters 8-10, Chapters 11-14, Chapters 15-20, Chapters 21-24

MORE VOCABULARY LISTS