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 first in, first out (FIFO) method.

Other Words for First

First Adjective Synonyms: fundamental, elementary, basic, primary, cardinal, key, essential
First Adverb Synonyms: foremost, leading, chief, head, premier, prime, primary, principal, pre-eminent
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Other Words for Last

Last Noun Synonyms: hindmost, rearmost, aftermost, final
Last Verb Synonyms: latest, newest, most recent or up to date
Last Adjective Synonyms: final, concluding, terminal, ultimate, terminating
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Other Words for Out

Out Adverb Synonyms: outside, outdoors, in or into the open air
Out Adjective Synonyms: outlying, distant, far-off, peripheral
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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

Outwash

Science / Geology / Outwash: A glaciofluvial sediment that is deposited by meltwater streams emanating from a glacier. MORE

Outstanding Stock

Business / Accounting / Outstanding Stock: Issued stock that is still being held by investors. MORE

Outstanding Share Capital

Business / Finance / Outstanding Share Capital: Issued share capital less the par value of shares that are held as the company's treasury stock. MORE

Outstanding

Business / Finance / Outstanding: Used in the context of general equities. Stock held by shareholders (verses the company's treasury stock). MORE

Outstanding Shares

Business / Finance / Outstanding Shares: Shares that are currently owned by investors. MORE

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