(Accounting) The value of a firm's current assets including raw materials and work in progress and finished goods.
List of goods owned. The owner of a furnished house which is rented out is likely to have an inventory of all the furniture, fixtures, and fittings in the house. In business studies, an inventory usually refers to the stocks of goods held by a company.
ETYM Latin inventarium: cf. Late Lat. inventorium, French inventaire, Old Fren. also inventoire. Related to Invent.
1. Making of an itemized list of merchandise or supplies on hand; SYN. inventorying, stocktaking.
2. A detailed list of all the items in stock; SYN. stock list.
To make an inventory of; to make a list, catalogue, or schedule of