Business Terms and Jargon Explained

What is Lifo

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

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Watering Stock Satisfactory Quality Banana Problem
Convertible Mark BILL OF SALE Warranty liability
Mission statement Next of kin Visible Trade
BACS Community Acquis Winding up
Contingent Beneficiaries Cash Flow Forecast Plaintiff
Transfer Deed Term Loan Net Realizable Value
Testate Over Trading BIMBO
Resource Allocation N161 Civil Court form Published Information
Derivative action Quality Assurance WIM
Spam A.E.R Stakeholder
Naira Company Tax Return CMS
Beneficiary Som Oversold
Not negotiable Portfolio Analysis Credit Application Form

Term created / updated 2006-10-09 13:20:35

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