FIFO definition
FIFO is an abbreviation of "First in – First Out" and refers to the fact that in case one or more Contracts with the same characteristics shall be closed, the Company will as a point of departure close the older Contract first;
FIFO means First In First Out.
FIFO. As defined in Section 10.14(e).
Examples of FIFO in a sentence
The safety stock shall be maintained in compliance with the state of the art and an ensuring of suitability for further processing, i.e. rolling in accordance with the first-in, first-out (FIFO) principle.
More Definitions of FIFO
FIFO means the first-in, first-out method of accounting.
FIFO means first-in-first-out; “free of payment under MEPS+” in relation to a Transaction, means no instruction for IFT has been or is to be transmitted under MEPS+ in connection with the Transaction;
FIFO means a first-in, first-out method of inventory cost accounting in accordance with GAAP.
FIFO. (“first in first out”) means a stock taking procedure where the stock received first is used first, and the closing stock is evaluated on the basis of the latest purchase prices. When securities are sold, applying this method means that the securities credited first in time to the account will be regarded as sold first
FIFO means the pipeline is filled at one location and discharged at another is called First In, First Out (FIFO).
FIFO means the first-in-first-out method of determining value of Inventory in accordance with GAAP.
FIFO means the principle of first-in first-out, wherein securities are deemed to be sold in the same order that they were purchased (i.e. the first securities purchased are deemed to be the first sold), which requires, in the case of a Claimant who held Shares at the commencement of the Class Period, that those Shares be deemed to have been sold completely before Qualified Shares are sold;