In a message dated 8/29/08 4:39:29 PM US Mountain Standard Time,
dollydoodle@doglover.com writes:
···
4. What does the LIFO mean after the comps info on the Peppermill
database page? (couldn't find it in the glossary)
******
LIFO and FIFO are acronyms for Last In First Out and First In First Out. I
learned these terms when learning computereeze, the jargon of computer
programming.
Now some casinos use a strange method of banking your comps. Instead of a
straightforward way of banking them forever as long as you play once in awhile
(HET every six months) they use a FIFO system.
You lose your comps that you earned on date X after a certain amount of time
has passed Y. You need to keep using up your comp balance. Don't sit on them.
I am not sure how things are done at the Peppermill.
A couple of FIFO comp systems are the ACE card (Strat, AZ Charlies, Aquarius)
and the Trop Express in Laughlin where Y=13 months. Your comp balance will
decay with the old ones vanishing. Use them or lose them. <BR><BR><BR>**************<BR>It's
only a deal if it's where you want to go. Find your travel deal here.<BR>
(http://information.travel.aol.com/deals?ncid=aoltrv00050000000047)</HTML>
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