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Lifo

• See Last In First-Out.

 
 Referenced Terms
 Inventory: Product or goods available for sale, work in the manufacturing process and raw material that will be used to manufacture productsFor companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO, Lifo or other techniques. The lower value of alternatives is usually used to preclude overstating earnings and assets. For security firms: securities bought and held by a broker or dealer for resale.Is the firm s position with the intent of quick resell or repurchase. Can refer to the open positions taken in the course of market making activities. This is opposed the Investment Account.

 
 Related Terms
 Last in first out lifo
Lifo last in first out

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