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First In, First Out (FIFO) |
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First In, First Out (FIFO)An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first.First In, First Out (FIFO) Similar MatchesFirst bestFirst bestSee second best. Last in, first out (LIFO)Last in, first out (LIFO)An accounting method that fixes the cost of goods sold to the most recent purchases. Hence, if prices are generally rising, LIFO will lead to lower accounting profitability. First preferred stockFirst preferred stockA type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets. First theorem of welfare economicsFirst theorem of welfare economicsThe proposition of welfare economics that a competitive general equilibrium is Pareto optimal. A corollary is that free trade is Pareto optimal among countries. First mortgageFirst mortgageA type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default. Further SuggestionsFirst degree homogeneousfirst death insurance First pass regression Right of first refusal First time buyer First call date First call first closing date First User First mover advantage First charge Perfected first lien First Refusal Right First order condition First market First mortgage first notice day First Mortgage first mortgage |
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