Inventory Definition Example

Inventory. Means all "inventory" as defined in the UCC in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of any Borrower's custody or possession or in transit and including any returned goods and any documents of title representing any of the above.