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Definition of Last in first out
1. Noun. Inventory accounting in which the most recently acquired items are assumed to be the first sold.
Definition of Last in first out
1. Adjective. (accounting computing business) Of or pertaining to any situation where the last to arrive is the first to go. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Last In First Out
Literary usage of Last in first out
Below you will find example usage of this term as found in modern and/or classical literature:
1. Oecd Economic Surveys Sweden 2007 by Oecd (2007)
"A new so-called "free 24 months" contract will soon be introduced, thereby easing
the time limit on temporary contracts.19 Sweden's last-in-first-out rule ..."
2. Measuring the Non-Observed Economy: A Handbook by Int. Labour Office With, OECD Staff, Adriaan M. Bloem, International Monetary Fund, Statistical Committee, Commonwealth of Independent States, Bureau of Statistics, International Labour Organisation, Statistics Directorate (2002)
"... force participation rate Last-in-first-out Legal entity Local government Local
kind of activity unit Local unit Manufacturing Market output Market price ..."
3. Design and Analysis of Integrated Manufacturing Systems by W. Dale Compton (1988)
"A software component that establishes the public interface for a stack or last-in,
first-out queue is as follows: package STACK is procedure PUSH(X:INTEGER) ..."
4. Concrete Abstractions: An Introduction to Computer Science Using Scheme by Max Hailperin, Barbara Kaiser, Karl Knight (1999)
"... that the last item pushed onto the stack is the first one popped off; for this
reason, they are also known as LIFO structures, for last in first out. ..."
5. Governance in China by OECD (2005)
"Taxpayers can choose methods from First In First Out (FIFO), Last In First
Out (LIFO) or weighted average for inventory evaluation. ..."
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