inventory

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Inventory

An itemized list of property that contains a description of each specific article.

Inventory of a company, for example, is the annual account of stock taken in the business, or the quantity of goods or materials in stock. The term is also used to describe a list made by the executor or administrator of the estate of a deceased individual.

inventory

noun catalogue, checklist, contents, enumeration, index, itemization, itemized list, list, list ofproperties, manifest, merchandise list, record, register, schedule of articles, stock book, stock list, stock sheet, tally sheet
Associated concepts: inventory of assets
See also: check, depository, enumerate, index, inspection, invoice, itemize, relate, roll, schedule, stock, store, tabulate

INVENTORY. A list, schedule, or enumeration in writing, containing, article by article, the goods and chattels, rights and credits, and, in some cases, the lands and tenements, of a person or persons. In its most common acceptation, an inventory is a conservatory act, which is made to ascertain the situation of an intestate's estate, the estate of an insolvent, and the like, for the purpose of securing it to those entitled to it.
     2. When the inventory is made of goods and estates assigned or conveyed in trust, it must include all the property conveyed.
     3. In case of intestate estates, it is required to contain only the personal property, or that to which the administrator is entitled. The claims due to the estate ought to be separated; those which are desperate or had ought to be so returned. The articles ought to be set down separately, as already mentioned, and separately valued.
     4. The inventory is to be made in the presence of at least two of the creditors of the deceased, or legatees or next of kin, and, in their default and absence, of two honest persons. The appraisers must sign it, and make oath or affirmation that the appraisement is just to the best of their knowledge. Vide, generally, 14 Vin. Ab. 465; Bac. Ab. Executors, &c., E 11; 4 Com. Dig. 14; Ayliffe's Pand. 414; Ayliffe's Parerg. 305; Com. Dig. Administration, B 7; 3 Burr. 1922; 2 Addams' Rep. 319; S. C. 2 Eccles. R. 322; Lovel. on Wills; 38; 2 Bl. Com. 514; 8 Serg. & Rawle, 128; Godolph. 150, and the article Benefit of Inventory.

References in periodicals archive ?
State Property Management Fund Director Duishen Irsaliyev said in an interview with Tazabek earlier that the requirements for state property stocktaking were introduced for the first time since independence.
She said: "When we visited clients and talked about their business, we found that many of them just needed someone to take away the burden of back office tasks like stocktaking and payroll and free them up to focus on providing a quality service to their customers," said Ms Ward.
Using barcodes and wireless HHT technology, the new service improves the efficiency of on-site logistics operations, such as inbound inspections, picking, outbound inspections, stocktaking, and inventory transfers.
Whatever our age, this spiritual stocktaking can feed that inner life of which we talk so much and understand so little.
Bentalls' previous stocktaking units had become unreliable, suffered from poor battery life and were cumbersome in the way they transmitted data into the store accounting system.
It added that its consultancy and valuation operations remain busy and that its stocktaking and inventory services division continues to grow.
Summary: A meeting was held in Misurata yesterday to pursue the special arrangements for assessment and stocktaking of the Libyan Steel Company.
Three decades was deemed plenty long enough to wait for a critical stocktaking of the gendering of the historiography on Germany during the 19th and 20th centuries.
Children and AIDS, a Stocktaking Report" is available online at <www.
The chairperson for Europe's GI negotiations said he would consult with the WTO's Director General, Supachai Panitchpakdi, prior to a stocktaking meeting of the WTO General Council towards the end of July.
It provides training in customer care, stocktaking, health and safety and money and business running skills.