first in first out


General Science

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


  • 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.


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


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