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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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FIFO

Regulation & tax
Also called: First in first out, First-in-first-out, FIFO matching

First in, first out — the accepted basis for identifying which shares or units were sold when a holding was built up in tranches.

In plain terms

You do not get to nominate the expensive lot. Sell part of a position and the earliest purchases are treated as the ones sold, which sets both the cost and the holding period applied.

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Indian stock market glossary · Market Vidyalaya