Inventory

Definition

• The amount of goods and raw materials in stock and ready for sale.
• A detailed list of all goods and materials in stock that is compiled at regularly scheduled intervals over the operating year.

Synonyms
goods, stock, merchandise

Related Terms and Acronyms

• Business (busn) — Abbreviation,
  • Economic activities of a given type.
  • A company, either for-profit or non-profit.
  • Commercial, industrial or professional activities undertaken by an entity.
• Business Insurance — Definition,
  • An umbrella term for insurance that covers various losses that may arise due to the operation of a business.
• Cost of Goods Sold (COGS) — Acronym,
  • An expense that appears on a business's income statement and represents the inventory cost of the goods sold during a particular period.
• Insurance Claim — Definition,
  • An application for benefits made by an insurance policyholder after an insured event.
• Listing Inventories — Definition,
  • The dwellings for sale in a given market.
• Property Insurance — Definition,
  • Insurance that provides coverage for damages to property from a number of perils.
• Value Reporting Form — Definition,
  • A form used to keep track of a business's current inventory value.
• Waiver of Inventory — Definition,
  • An option for an insurance company to choose not to inventory undamaged assets after a claim.