Lifo meaning

līfō
A method of valuing inventories in which items sold or used are priced at the cost of the most recent acquisitions and those remaining are valued at the cost of earliest acquisitions.
noun
0
0
(Last In-First Out) A queueing method in which the next item to be retrieved is the item most recently placed in the queue. Contrast with FIFO.
0
0
A buffering method in which the entity that first exits the buffer is the one that last entered.Thereby, the entity served (e.g., processed or switched) is the one that waited the shortest period of time. LIFO is commonly used in file systems and e-mail systems, as the last file or correspondence saved is the first retrieved, or at least appears first in the stack. See also FIFO and queue.
0
0
Advertisement