n. the act of taking an inventory of merchandise etc.
n. the reappraisal of a situation or of one's prospects
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. reappraisal of a situation or position or outlook
n. making an itemized list of merchandise or supplies on hand
Word Usage
"To meet the mid-1998 deadline, South Africa and the EU agreed to convene a "stocktaking" ministerial meeting early in February to review progress made so far in negotiations."