FIRST-IN, FIRST-OUT (FIFO)
\fˈɜːstˈɪn], \fˈɜːstˈɪn], \f_ˈɜː_s_t_ˈɪ_n]\
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1. inventory handled by the idea that theyare sold in the same order they are bought. The first things bought are the first sold. It has a high value in high inflation rates causing lower cost goods to be sold at a higher price. 2. the idea that the first
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.