Last In, First Out: LIFO is an accounting principle which, in selling a portion of a position, matches it to acquisitions in order of most recent purchase(s) first. In a rising market, this means that lots purchased later, at a higher price, will be sold first - thereby minimizing the amount of gain that would be subject to tax.
Last In, First Out in our glossary: terms and definitions
Last In, First Out in our glossary: terms and definitions
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