Definition of inventory

• n. - 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; specifically, the annual account of stock taken in any business.
• v. t. - To make an inventory of; to make a list, catalogue, or schedule of; to insert or register in an account of goods; as, a merchant inventories his stock.