Benefit-of-inventory

Definitions

  • Chambers's Twentieth Century Dictionary
    • Benefit-of-inventory (Scots law) a legal privilege whereby an heir secured himself against unlimited liability for his ancestor, by giving up within the annus deliberandi an inventory of his heritage or real estate, to the extent of which alone was the heir liable
    • ***

Etymology

Chambers's Twentieth Century Dictionary
M. E. benfet, through Fr. from L. benefactum.

Usage

In literature:

In South Africa benefit of inventory is superseded by local legislation.
"Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 6" by Various
***

In news:

New technologies help companies manage inventory holistically across multiple stages of supply chain, AberdeenGroup reports Benefits of a Holistic Approach.
O'Reilly Automotive benefits from the science of inventory management.
***