FIFO • FREE TRANSLATOR.ORG • Definition of FIFO

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FIFO

noun

Inventory accounting in which the oldest items (those first acquired) are assumed to be the first sold. Synonym: first in first out.

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Etymology of 'FIFO'

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"Fifo" Quotes from Famous Books

... by analogy with FIFO (First In, First Out)] 'First In, Still Here'. A joking way of pointing out that processing of a particular sequence of events or requests has stopped dead. Also 'FISH mode' and 'FISHnet'; the latter may be applied to any network that is running ...

— The Jargon File, Version 4.0.0