Advertisement
Advertisement
last-in, first-out
[last-in, furst-out, lahst-]
noun
an inventory plan based on the assumption that materials constituting manufacturing costs should be carried on the books at the market price of the last lot received. LIFO
Computers.LIFO.
Word History and Origins
Origin of last-in, first-out1
Example Sentences
That may lead to a reversal of the typical “last-in, first-out” pattern that has been common in other downturns.
“We have a last-in, first-out labor market, and disabled people are often among the last in and the first out,” said Adam Ozimek, chief economist at the Economic Innovation Group, a Washington research organization.
The Star Tribune originally reported on the agreement’s “seniority-disrupting language” in June, saying that the last-in, first-out policy when it comes to handling layoffs had protected a higher percentage of white teachers.
Because of funding cuts during the recession and “last-in, first-out” seniority rules, Melvoin was laid off and had to return as a long-term substitute teacher before he was officially rehired.
In Vergara, nine plaintiffs contended state statutes were biased against poor students because “last-in, first-out” teacher layoffs mean that, during a budget crunch, talented young teachers, who are more likely to be assigned to low-income areas, are laid off before less capable teachers with more seniority.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Browse