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LIFO in Insurance Meaning

The LIFO meaning in Insurance terms is "Last In, First Out". There are 1 related meanings of the LIFO Insurance abbreviation.

LIFO on Insurance Full Forms

  1. Last In, First Out A method of determining the cost of inventory used in a product. In this method, the costs of material are transferred to the product in reverse chronological order. LIFO is used to describe the movement of goods.

Frequently Asked Questions (FAQ)

  1. What does LIFO stand for Insurance?

    LIFO stands for Last In, First Out in Insurance terms.

  2. What is the shortened form of Last In, First Out in Insurance?

    The short form of "Last In, First Out" is LIFO for Insurance.

Citation

LIFO in Insurance. Acronym24.com. (2022, April 3). Retrieved April 25, 2024 from https://acronym24.com/lifo-meaning-in-insurance/

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