1, The full form of LIFO is Last In, First Out. It’s used on Computing ,General Computing in Worldwide
LIFO is an acronym that stands for Last In, First Out. In a LIFO system, the last items entered are the first to be removed.
2, The full form of LIFO is Liner In Free Out. It’s used on Transport & Travel ,Water Transport in Worldwide
Liner In Free Out (LIFO) means that the cost of loading the vessel at the port loading are included (Liner In) and the cost of unloading the vessel at the port of destination are not included (Free Out). In other words, that the liner is responsible for the loading (In) costs at the Port of Load and the consignee is responsible for the discharging (Out) costs at the Port of Discharge