🇩🇪German Source WordCode: DE

Last In, First Out

Pronunciation / Transliteration: Last In, First Out

🇬🇧 Direct English Meaning:
LIFO/ˈlaɪ.foʊ/
nounCEFR B2 (Upper)Top #15000 frequency
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🇩🇪 Example Sentence in German:

"Das LIFO-Verfahren wird häufig in der Buchhaltung verwendet."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An inventory valuation method where the most recently produced items are the first to be used or sold.

    "In a LIFO inventory system, the latest stock is sold first, which can affect tax calculations."
  2. 2

    A method of data structure management in computing where the last element added is the first one to be removed.

    "The stack data structure operates on a LIFO principle, making it efficient for certain algorithms."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

LIFO is an acronym for 'Last In, First Out', a term used in accounting and inventory management. It originated in the mid-20th century as businesses sought efficient methods for managing stock and financial records.

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