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LIFO

[ lahy-foh ]

noun

  1. 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 for

  1. last in, first out (as an accounting principle in sorting stock) Compare FIFO
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of LIFO1

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

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.

"LIFO has to be repealed," to generate revenue for the revamp effort, a senior Republican staff member working on the tax overhaul said.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

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