Found 2 items, similar to FIFO.
English → English (WordNet) Definition: FIFO FIFO n : inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold [syn: first in first out ]
English → English (gcide) Definition: FIFO FIFO \FIFO\ (f[imac]"f[=o]), a. [acronym, First In First Out.] 1. (accounting) an accounting method in which goods in inventory are valued at the price of the most recent acquisition of each type of goods, and those used up from inventory are valued at the cost of those first acquired. [PJC]