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inventory definition - finance
  1. A corporationÂ’s stock of goods, such as raw materials, that are used to produce final products.
  2. A companyÂ’s goods that have been produced and are waiting to be sold. Inventory is valued by a company using methods such as first in, first out (FIFO) or last in, last out (LIFO).

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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