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first in, first out

first in, first out : being or relating to a method of valuing inventories by which items in the lot first received are assumed to be issued or sold first and requisitions are priced at the cost per item of the oldest lot on hand compare last in, first out ...

First fruits

First fruits, an incident to the old feudal tenures, being one year's profits of the land after the death of a tenant, which belonged to the king. Hence arose the claim of the head of the Church to the first year's profits of every clergyman's benefice; otherwise called annates or primati', transferred from the Pope to the Crown by 26 Hen. 8, c. 3, and from the Crown to the Church for the augmentation of poor livings, by 2 & 3 Anne, c. 11. The holders of benefices of a value not exceeding 50l. a year were freed from first fruits and tenths by 6 Anne, c. 44, and 6 Anne, c. 54. First fruits were paid on their value as compounded for under 26 Hen. 8, c. 3, by the then holders of preferments. But both first fruits and tenths were abolished by the First Fruits and Tenths Measure, 1926 (16 & 17 Geo. 5, No. 5). See BOUNTY OF QUEEN ANNE AND TENTHS....

last in, first out

last in, first out : being or relating to a method of valuing inventories by which items from the last lot received are assumed to be sold first and all requisitions are priced at the cost per item of the lot last stocked compare first in, first out ...

Fir

A genus Abies of coniferous trees often of large size and elegant shape some of them valued for their timber and others for their resin The species are distinguished as the balsam fir the silver fir the red fir etc The Scotch fir is a Pinus...

First information report

First information report, An information given under sub-s. (1) of s. 154 Cr PC is commonly known as first information report (FIR) though this term is not used in the Code. It is a very important document. And as its nickname suggests it is the earliest and the first information of a cognizable offence recorded by an officer in charge of a police station, T.T. Antony v. State of Kerala, AIR 2001 SC 2637: (2001) 6 SCC 181....

first blush

first blush : initial view, appearance, or consideration used esp. in the phrase at first blush [an award can be set aside as excessive if at first blush it indicates prejudice on the part of the jury] ...

first degree

first degree : the grade given to the most serious forms of crimes [burglary in the first degree] first-degree adj ...

first impression

first impression : first consideration or judgment see also case of first impression at case ...

First class

Of the best class of the highest rank in the first division of the best quality first rate as a first class telescope...

First imposition

First imposition, the 'first imposition' means not only the first imposition in the sense of an initial imposition, but it includes every fresh imposition levied at an increased rate, Amalgamated Coalfields Ltd. v. Janpada Sabha, AIR 1964 SC 1013 (1021): 1963 Supp (1) SCR 172. [Central Province Local Self Government Act, 1920 (4 of 1920), s. 51(2)]...

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