1) Piece of unfinished business 
The part of stocks (inventory) that has had some work done on it, but which has not yet been made into goods ready for sale....more on Work in progress
Partially manufactured stock you have on hand, or partially completed work on contracts under which you provide your service.
The value of partly finished (ie. partly manufactured) goods.
Also called Work In Process. Work on a product, contract, etc., that a company has invested in but is not yet completed. A piece of music, art, etc., which is unfinished but may be available for viewing or listening
[n] - a piece of work that is not yet finished
Partially manufactured stock you have on hand, or partially completed work on contracts under which you provide your service.
noun a piece of work that is not yet finished
- INVENTORY account consisting of partially completed goods awaiting completion and transfer to finished inventory.
(WIP) A document containing detailed instructions that specify exactly what steps to follow to carry out an activity. A work instruction contains much more detail than a procedure and is only created if very detailed instructions are needed.