Definition of "stocktaking" []

• A reappraisal of a situation, a person, or one's own position or prospects. (noun)
• The act or process of inventorying merchandise or the supplies on hand. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "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."
• "She had dropped unconsciously into her "stocktaking" attitude."
• "The WTO's week-long "stocktaking" of the Doha Round trade talks ended on Friday with a whimper, not bang."