Last in First Out
nounverified·updated May 18, 2026
inventory accounting in which the most recently acquired items are assumed to be the first sold
MWE
Classifications
Entity Type
Unknown—glossary_import_default_pending_classifier
?unassignedlast reviewed —
Sensitivity
unclassified
Information Class
unclassified
Variants
- synonym
- LIFO
- plural
- Last in First Outs
- possessive
- Last in First Out's
- pluralpossessive
- Last in First Outs'