Definition, Meaning & Synonyms

take stock

idiom

/teɪk stɒk/

Definition

To assess a situation or one’s progress.

Examples

Before making any major life decisions, it’s important to take stock of where you are and where you want to be.
The company took stock of its finances at the end of the fiscal year to prepare for future investments.
After the project was completed, the team gathered to take stock of their performance and identify areas for improvement.

Meaning

The phrase ‘take stock’ refers to the act of evaluating or reflecting on current conditions or circumstances, often to make decisions or plan for the future.