Most people in the game community call such things "pickups" (short for "pickup-object")... The name makes it pretty obvious what you can do with them. :)
And the things that are being carried (or worn) are in your "inventory" (which may let you combine them, take them out, put them away, drop them, etc.).
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And the things that are being carried (or worn) are in your "inventory" (which may let you combine them, take them out, put them away, drop them, etc.).