What does LIFO mean?
Definitions for LIFO
ˈlaɪ foʊli·fo
This dictionary definitions page includes all the possible meanings, example usage and translations of the word LIFO.
Princeton's WordNet
last in first out, LIFOnoun
inventory accounting in which the most recently acquired items are assumed to be the first sold
ChatGPT
lifo
LIFO, or "Last In, First Out," is an inventory management and valuation method that assumes assets produced or acquired last are the ones to be sold, used, or disposed of first, while those produced or acquired earlier are sold, used, or disposed of last. It is most commonly used in accounting and computer programming. Under LIFO, the most recent costs are usually matched against current revenues, potentially deferring income tax.
Wikidata
LIFO
LIFO is an acronym that stands for last in, first out. In computer science and queueing theory this refers to the way items stored in some types of data structures are processed. By definition, in a LIFO structured linear list, elements can be added or taken off from only one end, called the "top". A LIFO structure can be illustrated with the example of a stack of trays. The last tray to be placed on top is also the first to be taken off the top.
Suggested Resources
LIFO
What does LIFO stand for? -- Explore the various meanings for the LIFO acronym on the Abbreviations.com website.
Matched Categories
Anagrams for LIFO »
Filo
filo
FOIL
foil
lo-fi
Numerology
Chaldean Numerology
The numerical value of LIFO in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of LIFO in Pythagorean Numerology is: 6
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"LIFO." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/LIFO>.
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