Definition of Inventory

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Inventory

An account, catalogue, or schedule, made by an executor or administrator, of all the goods and chattels, and sometimes of the real estate, of a deceased person; a list of the property of which a person or estate is found to be possessed; hence, an itemized list of goods or valuables, with their estimated worth; specifically, the annual account of stock taken in any business.

To make an inventory of; to make a list, catalogue, or schedule of; to insert or register in an account of goods; as, a merchant inventories his stock.

Related Definitions:

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Inventory Quotations

To state the facts frankly is not to despair the future nor indict the past. The prudent heir takes careful inventory of his legacies and gives a faithful accounting to those whom he owes an obligation of trust.
John F. Kennedy

There are two ways to extend a business. Take inventory of what you're good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.
Jeff Bezos

We have so much room for improvement. Every aspect of our lives must be subjected to an inventory... of how we are taking responsibility.
Nancy Pelosi

And it has to do with having no inventory or stockpiles on the shelf, but items arrive as you need to build your product. What that means is that it's much more difficult to actually find stockpiles of already built weapons.
Mitchell Reiss

We have entered the cell, the Mansion of our birth, and started the inventory of our acquired wealth.
Albert Claude

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.
Paul A. Volcker

There's nothing like rejection to make you do an inventory of yourself.
James Lee Burke

We want to turn our inventory faster than our people.
James Sinegal

The inventory goes down the elevator every night.
Fairfax Cone

Inventory Translations

inventory in Dutch is inventaris, boedel
inventory in French is stocks, inventaire
inventory in German is Inventur, Inventar
inventory in Italian is inventario
inventory in Norwegian is fortegnelse, inventarliste
inventory in Spanish is inventario
inventory in Swedish is bouppteckning, inventarie

Quotes