VividLex

Home / Thesaurus / FIFO

Thesaurus: FIFO

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

Full dictionary entry Search Lens associations

Related headwords

firstdefinitionaccountingdefinitionacquireddefinitionassumeddefinitioninventorydefinitionitemsdefinitionoldestdefinitionsolddefinitionfiestaneighborfiesta flowerneighborfiestasneighborfifeneighborfife railneighborfifedneighborfiferneighborfifersneighborfifesneighborfifingneighborfifteenneighborfifteen-year-oldsneighborfifteensneighborfifteenthneighborfifthneighborfifth columnneighborfifth columnistneighborfifth partneighborfifth wheelneighborfifth-yearsneighbor

Definitions

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