Inspection, n.
Etymology: [L. inspectio: cf. F. inspection.]
1. The act or process of inspecting or looking at carefully; a strict or prying examination; close or careful scrutiny; investigation. Spenser. With narrow search, and with inspection deep, Considered every creature. Milton.
2. The act of overseeing; official examination or superintendence. Trial by inspection (O. Eng. Law), a mode of trial in which the case was settled by the individual observation and decision of the judge upon the testimony of his own senses, without the intervention of a jury. Abbott.
Shades of meaning
Fernald has no entry of its own for inspection; he lists it under oversight.
He lists it without comment; the entries above explain its neighbors.