Business Terms and Jargon Explained

What is Fifo

Is the abbreviation for "First in first out". This is a stock processing and valuation method where the first stock that comes in is the first stock that is sent out.

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Gross value added - GVA Birr ETA
LIBO Overrule Residue
Overgeared Non-deductible VAT Freedom of Information
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Subpoena Contingent liabilities Earning asset
Chief Rent Credit Tax Form - P11D
Authorised Operator Qualifying share Job-ready
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Financial Ombudsman Service Trade discount Crawler

Term created / updated 2006-10-09 13:19:42

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