1.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. Hence: Any listing, as in a catalogue, of objects or resources on hand and available for use or for sale. Specifically, The annual account listing the stock on hand, taken in any business. "There take an inventory of all I have."
2.The objects contained on an inventory (1); especially: The stock of items on hand in any business, either for sale and not yet sold, or kept as raw materials to be converted into finished products.
3.The total value of all goods in an inventory (2).
4.The act of making an inventory (1).
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