1. A detailed list of articles, such as goods and chattels, or parcels of land, found to have been in the possession of an individual at his decease or conviction: An inventory sometimes includes a statement of the nature and value of each item, hence any such detailed statement of the property of a person, of the goods or furniture in a house or messuage, or the like.
2. A company’s assets as a whole, or the value of them: The store was closed for two days due to the yearly inventory in order to list all the items and their monetary worth.