Comparative law notes
This term does not exist in Hungary. The above is a suggested translation.
először bevételezve
kifejezés
neolog
first in, first out
phrase
Definitions of first in, first out
a method of stock control where the first goods bought or produced are the first ones used or sold
The COMPANY shall deliver the PRODUCT to its customers on a first in, first out basis.
an accounting method based on the idea that first goods bought or produced are the first ones used or sold. The total value of all goods left at the end of the year is based on the most recent price.
Value is determined at the lower of cost or market on a first in, first out basis.
an employment policy where the first people employed by an organization are the first to go if jobs are cut
We've adopted a first in, first pout redundancy policy to keep our workforce fresh.