HomeDefinitionsCompareDebt LIFOThe financial definition for LIFO:See: Last in, first out Similar MatchesLast in, first out (LIFO)Last in, first out (LIFO)An accounting method that fixes the cost of goods sold to the most recent purchases. Hence, if prices are generally rising, LIFO will lead to lower accounting profitability. Lehman Brothers California Municipal Bond IndexLehman Brothers California Municipal Bond IndexA benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in California. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million. Click to compare definitions of LIFO Click to view definitions beginning li |