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LIFO

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
AcronymDefinition
LIFOLast In, First Out
LIFOLife Orientations (trademark of Business Decisions International Pty Ltd)
LIFOLiner In Free Out (shipping)
LIFOLocked Intramedullary Flexible Osteosynthesis (fracture treatment)


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Our invited speaker had my attention, and got even more of it as he summed up why the FIFO to LIFO change was so impactful: "If you don't know the truth, your perception is all you have to go on.
The oil and gas industry is a major LIFO beneficiary, but attention focused this week on distillers of bourbon -- which is legally required to age at least two years -- because of a high-profile clash on the provision.
If there are a number of employees with the same number of points, the employer may then use LIFO to decide which of them will be made redundant Q.
 
 
 
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