FIFO

 /ˈfaɪfəʊ/

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WordReference Random House Unabridged Dictionary of American English © 2016
FIFO  (fīfō),USA pronunciation n. 
  1. BusinessSee  first-in, first-out. 
  2. Computinga storage and retrieval technique, used mainly for data, in which the first item stored is also the first item retrieved.


Collins Concise English Dictionary © HarperCollins Publishers::

FIFO /ˈfaɪfəʊ/ n acronym for
  1. first in, first out (as an accounting principle in costing stock)
    Compare LIFO



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