Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. See first-in, first-out.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • First In First Out
  • Fly-in fly-out.

from the GNU version of the Collaborative International Dictionary of English

  • adj. 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.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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

Etymologies

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