LIFO

n. last thing to enter will be the first one to exit; data storage system in which the first thing stored is the last to be retrieved (Computers); system of inventory tracking in which the last goods stocked are considered to be the first items sold (Business)

LIFO stands for last in, first out which in computer science and queueing theory refers to the way items stored in a data structure are processed.
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Noun
1. inventory accounting in which the most recently acquired items are assumed to be the first sold
(synonym) last in first out
(hypernym) inventory accounting

last in first out, LIFO, policy that the last item to enter is also the first item to exit

LIFO, Last In First Out, last thing to enter will be the first one to exit; data storage system in which the first thing stored is the last to be retrieved (Computers)