first in first out

Definitions

General Science

• noun a temporary queue where the first item stored is the first read.

Accounting

• phrase an accounting policy in which it is assumed that stocks in hand were purchased last, and that stocks sold during the period were purchased first.

Banking

• phrase a redundancy policy, in which the people who have been working longest are the first to be made redundant

Law

• noun an accounting policy where stock is valued at the price of the oldest purchases

Nearby Definitions of “first in first out”

• finish
• fir
• fires
• firm
• first-class
• first in first out
• fish
• fit
• fix
• flag
• flame

Contexts for “first in first out”

4 definitions in context
• General Science
• Accounting
• Banking
• Law