FIFO

Business / Finance / FIFO: Warehouse rented by a company on another firm's premises.

First In, First Out (FIFO)

Business / Finance / First In, First Out (FIFO): A date stated in an indenture, that is the first date on which the issuer may redeem a bond either partially or completely. MORE

FIFO (First-In First-Out)

Business / Accounting / FIFO (First-In First-Out): An inventory cost flow whereby the first goods purchased are assumed to be the first goods sold so that the ending inventory consists of the most recently purchased goods. MORE

Inventory

Business / Accounting / Inventory: A subsidiary ledger which is usually used to record the details of individual items of stock. Inventories can also be used to hold the details of other assets of a business. See Perpetual , Periodic . MORE

First Mortgage

Business / Finance / First Mortgage: A method of inventory valuation whereby the goods first purchased or manufactured are considered the first ones sold. During periods of inflation, the FIFO method shows inflated profits compared to th MORE

Last In, First Out (LIFO)

Business / Finance / Last In, First Out (LIFO): A method of inventory valuation whereby the goods most recently purchased or manufactured are considered the first ones sold. In periods of rising prices, the LIFO method shows a lower profit than the MORE

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