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 ?
This paper is aimed at providing a documentation and examination of the issues, challenges, experiences and lessons from the re-accessioning and stocktaking exercise in the Main Library and also to serve as a guide or working or reference document to the Main Library, college libraries in KNUST (who are yet to embark on similar exercise) and other academic libraries in Ghana which have not yet been automated.
In the final two chapters, Barbour argues that many Caroline scientific texts were equally implicated in the period's widespread religious stocktaking.
Silver involves lessons in accountancy and stocktaking.
Later this month, WTO members are scheduled to hold a stocktaking meeting on agriculture and services mandated under the Uruguay Round agreements, a set of trade rules agreed upon after the 1986-1994 Uruguay Round negotiations.
The United Nations Stocktaking Meeting on GCM was convened to consolidate the results of the previous thematic and regional consultations on GCM.
Zoological director Sharon Redrobe said: "Twycross completes an annual zoo stocktaking for basic animal management and for achieving set conservation, research, and education goals.
A diagnostic study, completed with the assistance from FIRST Initiative/ World Bank, forms the basis of stocktaking where the subject stands today and where it needs to be taken.
Winners will be highlighted in the 2012 edition of the WSIS Stocktaking
IN 1961 I was an 18-year-old youth working for an engineering company and they asked me to help with their annual stocktaking.
Majola said: "The board accepted his (Arthur's) resignation, which came following the normal stocktaking process after the England series and against the backdrop of some disappointing results.
The high break prize is sponsored by ABC Stocktaking Services in Newbridge.
Thomas Scarth, 21, of Redcar, who works in international stocktaking, said: "I think we will suffer now that we've sold him.