LIFO definition

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.

• 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.

• Buyer will exercise its commercially reasonable efforts to pursue alternative capital credit retirement methods, to include hybrid last in, first out (LIFO), first in, first out (FIFO) methods to recognize new members.

• A partnership that applies the alternative method of this paragraph (c)(4)(iii) to calculate the lookthrough LIFO recapture amount must take into account any adjustments to the partnership’s basis in its LIFO inventory that result from transactions occurring after the start of the partnership’s taxable year and before the end of the recapture date.

• Except as provided in paragraph (c)(4)(iii) of this section, the lookthrough LIFO recapture amount shall be determined as of the end of the recapture date for transactions de- scribed in paragraph (b)(1) of this sec- tion, and as of the moment before the transfer occurs for transactions de- scribed in paragraph (b)(2) of this sec- tion.

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 determining value of Inventory in accordance with GAAP.

LIFO means the last in-first out method of accounting for Inventory.

LIFO has the meaning set forth in SECTION 3.23.

LIFO means “Last In, First Out” as applied to the holding period trading stipulation. Evaluation of short-term trading violations will be conducted based on this method.

LIFO means the LIFO provision for any period, computed in accordance with GAAP.