See Also: LIFO(money)
Last in, first out (LIFO)(finance)
LIFO(dictionary)
Last in, first out (LIFO)(money)
Tight money or dear money(finance)
Out of the money(finance)
Money(medicine)
big money(dictionary)
On the money(money)
Fun money(money)

Last in, first out (LIFO) (money)


Definition: [crh] An accounting method that fixes the cost of goods sold to the most recent purchases. Hence, if prices are generally rising, LIFO will lead tDefinition: o lower accounting profitability.