Meaning FIRST IN, FIRST OUT (FIFO): An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first
More terms such as First In, First Out (FIFO) in Dictionary F.
- Definition Fully Depreciated:
- Examples An asset that has already been charged with the maximum amount of depreciation allowed by the IRS for accounting purposes first in, first out (fifo) definition.
- Definition Financial Market:
- Examples An organized institutional structure or mechanism for creating and exchanging financial assets first in, first out (fifo) explain.
- Definition Funding Risk:
- Examples Related: Interest rate risk first in, first out (fifo) what is.
- Definition Flattening Of The Yield Curve:
- Examples A change in the yield curve when the spread between the yield on long-term and short-term Treasuries has decreased. Compare steepening of the yield curve and butterfly shift first in, first out (fifo) meaning.
- Definition Forward Cover:
- Examples cash market of the difference between what you are obligated to deliver in a forward contract and the amount of the asset you own. For example, if you agreed to sell 100,000 bushels of corn in first in, first out (fifo) abbreviation.
