单词 | last-in, first-out |
释义 | last-in, first-out /last"in", ferrst"owt", lahst"-/ 1. an inventory plan based on the assumption that materials constituting manufacturing costs should be carried on the books at the market price of the last lot received. Abbr.: LIFO Cf. first-in, first-out. 2. Computers. See LIFO (def. 2). [1935-40] |
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