inventory goods


inventory goods
Goods held by a person for sale, lease, or furnishing under a contract of service, raw materials, work in process, or materials used or consumed in a business. UCC § 9-109(4).

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Inventory — means 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. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia

  • Inventory investment — relates to the composition of GDP. What is produced in a certain country is naturally also sold, but some of the goods produced in a given year may not be sold the same year, but in later years. Conversely, some of the goods sold in a given year… …   Wikipedia

  • inventory — in·ven·to·ry / in vən ˌtōr ē/ n pl ries 1: an itemized list of current assets: as a: a written list or catalog of the property of an individual, organization, or estate or succession that is made by a fiduciary under oath and that usu. describes… …   Law dictionary

  • Inventory — In ven*to*ry, n.; pl. {Inventories}. [L. inventarium: cf. LL. inventorium, F. inventaire, OF. also inventoire. See {Invent}.] 1. An account, catalogue, or schedule, made by an executor or administrator, of all the goods and chattels, and… …   The Collaborative International Dictionary of English

  • Inventory (disambiguation) — Inventory is a list of goods and materials held available in stock by a business.Inventory may also refer to:* Moral inventory. in the course of twelve step programs, members often speak of taking an inventory . Much like an inventory of goods… …   Wikipedia

  • inventory — [in′vən tôr΄ē] n. pl. inventories [ML inventorium < LL inventarium < L inventus: see INVENT] 1. an itemized list or catalog of goods, property, etc.; esp., such a list of the stock of a business, taken annually 2. the store of goods, etc.… …   English World dictionary

  • Inventory of Church Property — • An inventory is to be made at the beginning of a given administration; when the period of management has expired, the out going official must produce all the things which appear in this inventory or were added later, excepting those which have… …   Catholic encyclopedia

  • Inventory turnover ratio — is one of the Accounting Liquidity ratios, a financial ratio. This ratio measures the number of times, on average, the inventory is sold during the period. Its purpose is to measure the liquidity of the inventory. A popular variant of the… …   Wikipedia

  • inventory control — ➔ control1 * * * inventory control UK US noun [U] (also inventory management, also stock control) ► COMMERCE, PRODUCTION the process of making sure that the right amount of goods, parts, and materials are available for sale: »The …   Financial and business terms

  • inventory — ► NOUN (pl. inventories) 1) a complete list of items such as goods in stock or the contents of a building. 2) a quantity of goods in stock. ► VERB (inventories, inventoried) ▪ make an inventory of. ORIGIN Latin inventarium …   English terms dictionary


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