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first-in-first-out policy

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  • first in first out — /ˌfɜ:st ɪn ˌfɜ:st aυt/ phrase 1. a redundancy policy, where the people who have been working longest are the first to be made redundant 2. an accounting policy where it is assumed that stocks in hand were purchased last, and that stocks sold… …   Dictionary of banking and finance

  • first in first out — noun a) A method of inventory accounting that values items withdrawn from inventory at the cost of the oldest item assumed to remain in inventory. b) A policy of serving first what has arrived for service first. Syn: FIFO …   Wiktionary

  • last in, first out — ( LIFO) One of the methods for accounting for business inventory permitted by generally accepted accounting principals ( GAAP). American Banker Glossary ( LIFO) An accounting method that fixes the cost of goods sold to the most recent purchases.… …   Financial and business terms

  • last in first out — /lɑ:st ˌɪn famst aυt/ noun 1. a redundancy policy using the principle that the people who have been most recently appointed are the first to be made redundant 2. an accounting method where stock is valued at the price of the earliest purchases… …   Dictionary of banking and finance

  • First-come, first-served — (sometimes first come, first served or simply FCFS) is a service policy where by the requests of customers or clients are attended to in the order that they arrived, without other biases or preferences. The policy can be employed when processing… …   Wikipedia

  • last in first out — LIFO, policy that the last item to enter is also the first item to exit …   English contemporary dictionary

  • First strike — In nuclear strategy, a first strike is a preemptive surprise attack employing overwhelming force. First strike capability is a country s ability to defeat another nuclear power by destroying its arsenal to the point where the attacking country… …   Wikipedia

  • Policy debate competitions — There are several venues of competition for policy debate.High School TournamentsMost high school debaters debate in local tournaments in their city, state or nearby states. Hundreds of such tournaments are held at high schools throughout the US… …   Wikipedia

  • First Chechen War — Russian helicopter brought down by Chechen fighters near the capital Grozny in 1994 …   Wikipedia

  • Policy Exchange — is a British think tank based in London. The Daily Telegraph has described it as the largest, but also the most influential think tank on the right . [ [http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/10/02/nosplit/nlist102.xml The… …   Wikipedia

  • First Focus — is a bipartisan children s advocacy organization, launched by America s Promise. The stated purpose of the organization is making children and their families a priority in federal policy and budget decisions. [… …   Wikipedia

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