LIFO means the pretax charge against income determined by using the last-in-first-out method of valuing inventory.
LIFO means the principle of last-in first-out, wherein securities are deemed to be sold in the opposite order than they were purchased (i.e. the last securities purchased are deemed to be the first sold);
LIFO means the method the Plaintiffs have selected and will apply to the holdings of Securities Claimants who made multiple purchases or sales such that sales of securities will be matched, in chronological order, first against securities last purchased.
Examples of LIFO in a sentence
The fuel price shall be the prudent actual replacement cost of the fuel consumed, or, if the fuel is consumed and not replaced, then the fuel price will be "last-in-first-out" (LIFO) inventory price of the fuel consumed.
More Definitions of LIFO
LIFO means “Last-In-First-Out”, which is the method the Plaintiff has selected to apply to the holdings of Authorized Claimants who made multiple purchases or sales, such that sales of Securities will be matched, in chronological order, first against Securities last purchased.
LIFO. (last-in-first-out) is the method of inventory management whereby the origin of the number of units of the materials or consumables last received into inventory is considered as the origin, in equal number of units, of the materials or consumables first removed from inventory; or
LIFO means the last in-first out method of accounting for Inventory.
LIFO means “Last-In-First-Out”, which is the method the Plaintiff has selected to apply to the holdings of Authorized Claimants who made multiple purchases or sales, such that sales of Shares will be matched, in chronological order, first against Shares last purchased;
LIFO has the meaning assigned to such term in Section 12.7.
LIFO has the meaning set forth in SECTION 3.23.