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FIFO

 Dictionary entry overview: What does FIFO mean? 

FIFO (noun)
  The noun FIFO has 1 sense:

1. inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold

  Familiarity information: FIFO used as a noun is very rare.


 Dictionary entry details 


FIFO (noun)


Sense 1FIFO [BACK TO TOP]

Meaning:

Inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold

Classified under:

Nouns denoting acts or actions

Synonyms:

FIFO; first in first out

Hypernyms ("FIFO" is a kind of...):

inventory accounting (accounting that controls and evaluates inventory)


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