stocktaking


stock·tak·ing

noun \ˈstäk-ˌtā-kiŋ\

: the activity or process of thinking about a problem or situation in order to decide what to do

: the act or process of making a complete list of the items or things that are in a place

Full Definition of STOCKTAKING

1
:  the action of estimating a situation at a given moment
2
:  inventory 4

Examples of STOCKTAKING

  1. It is time for a stocktaking.

First Known Use of STOCKTAKING

1851

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