0 a method used to calculate the value of products or materials, in which the last ones that are bought are considered to be the first that are sold or used. At the end of the year, the value of the ones that have not been sold or used is calculated using the earliest price that was paid:
1 a method of controlling stock, in which the last products or materials that are produced or bought are the first that are sold or used
2 the system by which a computer reads and deals first with data that is received last
3 the situation in which, when a company needs to reduce the number of employees, the last people who were employed are the first to lose their jobs:
The last-in, first-out redundancy policy used to be straightforward to apply but the recent age discrimination legislation has made the matter more complex.
