LILO, method for arranging a line so that the first to arrive is the first to leave (as opposed to the First In Last Out method in which the first to arrive is the last to leave)
(Ticaret) (LIFO) A usage rule and accounting and other systems that assumes the last item brought into inventory (or into a queue) will be the first one used. During periods of rising prices, it has the effect of charging increases to the current period instead of subsequent periods