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Noun: last in first out
  1. Inventory accounting in which the most recently acquired items are assumed to be the first sold
    - LIFO

Type of: inventory accounting

Nearest

lassitude
Lasso
lasso
last
last but not least
Last Day
Last Frontier
last gasp
last half
last hurrah
last in first out
Last Judgement
Last Judgment
last laugh
last mentioned
last mile
last minute
last name
last not least
last out
last quarter