first in first out

1. 1.

   inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold

   SynonymsFIFO

   Broaderinventory accounting

Questions about first in first out

What does first in first out mean?

first in first out means "inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold".

What is another word for first in first out?

Close synonyms include FIFO. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is first in first out a common word?

first in first out is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.