Difference between revisions of "Inventory"
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==Origin== | ==Origin== | ||
[https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] ''inventarie'', ''inventorie'', from Anglo-French ''inventaire'', ''inventorie'', from [[Latin]] ''inventarium'', from ''inventum'' [[thing]] found, topic, neuter of ''inventus'' | [https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] ''inventarie'', ''inventorie'', from Anglo-French ''inventaire'', ''inventorie'', from [[Latin]] ''inventarium'', from ''inventum'' [[thing]] found, topic, neuter of ''inventus'' | ||
| − | *[ | + | *[https://en.wikipedia.org/wiki/15th_century 15th Century] |
==Definitions== | ==Definitions== | ||
*1a : an itemized list of current [[assets]]: as (1) : a catalog of the [[property]] of an [[individual]] or estate (2) : a list of [[goods]] on hand | *1a : an itemized list of current [[assets]]: as (1) : a catalog of the [[property]] of an [[individual]] or estate (2) : a list of [[goods]] on hand | ||
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*4: the [[act]] or [[process]] of taking an inventory | *4: the [[act]] or [[process]] of taking an inventory | ||
==Description== | ==Description== | ||
| − | '''Inventory''' means a list compiled for some [[formal]] [[purpose]], such as the details of an estate going to [ | + | '''Inventory''' means a list compiled for some [[formal]] [[purpose]], such as the details of an estate going to [https://en.wikipedia.org/wiki/Will_(law) probate], or the contents of a house let furnished. This remains the prime meaning in British English. In the USA and Canada the term has developed from a list of [[goods]] and materials to the goods and material available in stock by a [[business]]; and this has become the primary [[meaning]] of the term in North American English, equivalent to the term "stock" in British English. In accounting, inventory or stock is considered an [[asset]].[https://en.wikipedia.org/wiki/Inventory] |
[[Category: Economics]] | [[Category: Economics]] | ||
Latest revision as of 01:22, 13 December 2020
Origin
Middle English inventarie, inventorie, from Anglo-French inventaire, inventorie, from Latin inventarium, from inventum thing found, topic, neuter of inventus
Definitions
- 1a : an itemized list of current assets: as (1) : a catalog of the property of an individual or estate (2) : a list of goods on hand
- b : a survey of natural resources
- c : a list of traits, preferences, attitudes, interests, or abilities used to evaluate personal characteristics or skills
- 2: survey, summary
- 3: the quantity of goods or materials on hand : stock
- 4: the act or process of taking an inventory
Description
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. In the USA and Canada the term has developed from a list of goods and materials to the goods and material available in stock by a business; and this has become the primary meaning of the term in North American English, equivalent to the term "stock" in British English. In accounting, inventory or stock is considered an asset.[1]
