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Last in first out lifo

• A method of valuing inventory that uses the cost of the most recent item in inventory first.

• Is the accounting technique whereby the last items in inventory are paired against the first items sold out of inventory.

 
 Embedded terms in definition
 Inventory
 
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

There's a saying among prospectors: "Go out looking for one thing, and that's all you'll ever find." - Robert Flaherty

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