MLchartDataset catalogue

Stock in trade

Term · Law · MLC-T-LAW-004705

The goods or merchandise kept by a business for sale to its customers in the ordinary course of its operations. This inventory represents a current asset on a company's balance sheet. The value of stock in trade is a key factor in determining a business's profitability and tax obligations.

Table 1. Record
IdentifierMLC-T-LAW-004705
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004705",
  "term": "Stock in trade",
  "field": "Law",
  "definition": "The goods or merchandise kept by a business for sale to its customers in the ordinary course of its operations. This inventory represents a current asset on a company's balance sheet. The value of stock in trade is a key factor in determining a business's profitability and tax obligations.",
  "url": "https://mlchart.com/terminology/law/stock-in-trade/"
}

Record 4,797 of 5,441 in Law terminology (MLC-0107). Request the full dataset.