FIFO

[ fahy-foh ]

noun

1. first-in, first-out.
2. Computers. a storage and retrieval technique, used mainly for data, in which the first item stored is also the first item retrieved.

FIFO

/ ˈfaɪfəʊ /

acronym for

1. first in, first out (as an accounting principle in costing stock) Compare LIFO