What is inventory?

  • (verb): Make or include in an itemized record or report.
    Example: "Inventory all books before the end of the year"
    See also — Additional definitions below


In a business accounting context, the word inventory is commonly used in American English to describe the goods and materials that a business holds for the ultimate purpose of resale. In the rest of the English speaking world stock is more commonly used, although the word inventory is recognised as a synonym. In British English, the word inventory is more commonly thought of as a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. In American English, the word stock is commonly used to describe the capital invested in a business, while in British English, the word share is more widely used in the same context. In both British and American English, stock is the collective noun for one hundred shares as shares were usually traded in stocks on Stock Exchanges. For this reason that the word stock is used by both American and British English forms in the context of the term Stock Exchange.

Read more about Inventory.

Some articles on inventory:

Strong-Campbell Interest Inventory - Criticism
... Many of the jobs that the Strong Interest Inventory predict, did not exist prior to the latest version ... in 2008 and concluded, "The Strong Interest Inventory's qualitative features (including the design of the test booklets, quality and clarity of its contents, durability ... have continued to strive for improvements and innovations in this inventory ...
Inventory Credit
... Inventory credit refers to the use of stock, or inventory, as collateral to raise finance ... collateral, for example in developing countries where land title may be lacking, inventory credit is a potentially important way of overcoming financing constraints ... Inventory credit on the basis of stored agricultural produce is widely used in Latin American countries and in some Asian countries ...
List Of Tests In The United States - Psychological Tests
16 Personality Factors Beck Depression Inventory Millon Clinical Multiaxial Inventory Minnesota Multiphasic Personality Inventory (MMPI) Personality Assessment Inventory Myers-Bri ...
Suresh P. Sethi - Selected Contributions - Inventory Problems With Incomplete Information
... For the first time since the beginning of the inventory theory nearly hundred years ago, Sethi and co-authors have extended the filtering theory in the electrical engineering ...

More definitions of "inventory":

  • (noun): (accounting) the value of a firm's current assets including raw materials and work in progress and finished goods.
  • (noun): The merchandise that a shop has on hand.
    Example: "They carried a vast inventory of hardware"
    Synonyms: stock
  • (noun): Making an itemized list of merchandise or supplies on hand.
    Example: "The inventory took two days"
    Synonyms: inventorying, stocktaking
  • (noun): A detailed list of all the items in stock.
    Synonyms: stock list