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Financial Terms | |
Last-In-First-Out (LIFO) |
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Definition of Last-In-First-Out (LIFO)Last-In-First-Out (LIFO)A method of valuing inventory that uses the cost of the most recent item in Last-in, first-out (LIFO)An inventory costing methodology that bases the recognized cost of Last-in, first-out (LIFO)An inventory valuation method under which one assumes that the
Related Terms:Last-In, First-Out (LIFO) Inventory MethodThe inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory LIFO (Last-in-first-out)The last-in-first-out inventory valuation methodology. A method of valuing LIFO (Last In, First Out)An inventory valuation method that presumes that the last units received were the first ones Borrower falloutIn the mortgage pipeline, the risk that prospective borrowers of loans committed to be BreakoutA rise in a security's price above a resistance level (commonly its previous high price) or drop ![]() BuyoutPurchase of a controlling interest (or percent of shares) of a company's stock. A leveraged buy-out is CashoutRefers to a situation where a firm runs out of cash and cannot readily sell marketable securities. Crowding OutDecreases in aggregate demand which accompany an expansionary fiscal policy, dampening the impact of that policy. Customary payout ratiosA range of payout ratios that is typical based on an analysis of comparable firms. Days' sales outstandingAverage collection period. Dividend payout ratioPercentage of earnings paid out as dividends. dividend payout ratioComputed by dividing cash dividends for the year dividend payout ratioPercentage of earnings paid out as dividends. Down-and-out optionBarrier option that expires if asset price hits a barrier. ![]() Elasticity of an optionPercentage change in the value of an option given a 1% change in the value of the Elasticity - See Lambda
Fallout riskA type of mortgage pipeline risk that is generally created when the terms of the loan to be Feasible target payout ratiosPayout ratios that are consistent with the availability of excess funds to make FIFO (First In, First Out)An inventory valuation method that presumes that the first units received were the first ones First-callWith CMOs, the start of the cash flow cycle for the cash flow window. First in, first-out costing method (FIFO)A process costing methodology that assigns the earliest First-In-First-Out (FIFO)A method of valuing the cost of goods sold that uses the cost of the oldest item in First-in, first-out (FIFO)A method of accounting for inventory. First-in, first-out (FIFO)An inventory valuation method under which one assumes that the First-In, First-Out (FIFO) Inventory MethodThe inventory cost-flow assumption that ![]() First notice dayThe first day, varying by contracts and exchanges, on which notices of intent to deliver First-pass regressionA time series regression to estimate the betas of securities portfolios. First To Die CoverageThis means that there are two or more life insured on the same policy but the death benefit is paid out on the first death only. If two or more persons at the same address are purchasing life insurance at the same time, it is wise to compare the cost of this kind of coverage with individual policies having a multiple policy discount. Freight outThe transportation cost associated with the delivery of goods from a company Full-Employment OutputThe level of output produced by the economy when operating at the natural rate of unemployment. Full-payout leaseSee: financial lease. input-output coefficienta number (prefaced as a multiplier Input-output tablesTables that indicate how much each industry requires of the production of each other Investor falloutIn the mortgage pipeline, risk that occurs when the originator commits loan terms to the Last-in, first-out (LILO)A method of accounting for inventory. Last splitAfter a stock split, the number of shares distributed for each share held and the date of the Last To Die CoverageThis means that there are two or more life insured on the same policy but the death benefit is paid out on the last person to die. The cost of this type of coverage is much less than a first to die policy and it is generally used to protect estate value for children where there might be substantial capital gains taxes due upon the death of the last parent. This kind of policy is also valuable when one of two people covered has health problems which would prohibit obtaining individual coverage. Last trading dayThe final day under an exchange's rules during which trading may take place in a particular Leveraged buyoutThe purchase of one business entity by another, largely using borrowed Leveraged buyout (LBO)A transaction used for taking a public corporation private financed through the use leveraged buyout (LBO)Acquisition of the firm by a private group using substantial borrowed funds. LIFOThe last-in, first-out method of inventory cost determination. Assumes that cost of goods LIFO DippingReducing lifo inventory quantities and, as a result, including older and lower LIFO LiquidationA reduction in the physical quantity of an inventory that is accounted for Lock-outWith PAC bond CMO classes, the period before the PAC sinking fund becomes effective. With Management buyout (MBO)Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout (MBO)Acquisition of the firm by its own management in a leveraged buyout. National OutputGDP. Netting outTo get or bring in as a net; to clear as profit. Odd first or last periodFixed-income securities may be purchased on dates Open-outcryThe method of trading used at futures exchanges, typically involving calling out the specific Option elasticityThe percentage increase in an option's value given a 1% change in the value of the out-of-pocket costa cost that is a current or near-current cash expenditure Out-of-the-money optionA call option is out-of-the-money if the strike price is greater than the market price Outbound stock pointA designated inventory location on the shop floor between outlieran abnormal or nonrepresentative point within a data set Output GapThe difference between full employment output and current output. Outright rateActual forward rate expressed in dollars per currency unit, or vice versa. outsourcingthe use, by one company, of an external OutsourcingThe process of shifting a function previously performed internally outsourcing decisionsee make-or-buy decision Outstanding share capitalIssued share capital less the par value of shares that are held in the company's treasury. Outstanding sharesShares that are currently owned by investors. Outstanding sharesThe number of shares that are in the hands of the public. The difference between issued shares and outstanding shares is the shares held as treasury stock. outstanding sharesShares that have been issued by the company and are held by investors. Payout ratioGenerally, the proportion of earnings paid out to the common stockholders as cash dividends. payout ratioFraction of earnings paid out as dividends. Perfected first lienA first lien that is duly recorded with the cognizant governmental body so that the lender Potential Output or Potential GDPoutput produced when the economy is operating at its natural rate of unemployment. Price elasticitiesThe percentage change in the quantity divided by the percentage change in the price. Priced outThe market has already incorporated information, such as a low dividend, into the price of a stock. RoutingA list of all the labour or machining processes and times required to convert raw materials into finished goods or to deliver a service. routing documentsee operations flow document StockoutRunning out of inventory. stockoutthe condition of not having inventory available StockoutThe absence of any form of inventory when needed. Take-outA cash surplus generated by the sale of one block of securities and the purchase of another, e.g. Target payout ratioA firm's long-run dividend-to-earnings ratio. The firm's policy is to attempt to pay out a WithoutIf 70 were bid in the market and there was no offer, the quote would be "70 bid without." The Without recourseWithout the lender having any right to seek payment or seize assets in the event of WorkoutInformal arrangement between a borrower and creditors. workoutAgreement between a company and its creditors establishing the steps the company must take to avoid bankruptcy. Workout periodRealignment period of a temporary misaligned yield relationship that sometimes occurs in Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |