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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
|Sense 1||FIFO [BACK TO TOP]|
Inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold
Nouns denoting acts or actions
FIFO; first in first out
Hypernyms ("FIFO" is a kind of...):
inventory accounting (accounting that controls and evaluates inventory)
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