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consignment |
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Consignment Transfer of goods to a seller while title to the merchandise is retained by the owner. Consignment The act or practice of the owner of a good transfering the good to a second party, usually to be sold. The parties split the proceeds from the sale according to some agreed-upon arrangement. At all times before the sale, the original owner of the good retains ownership and may end the consignment by requesting the good's return. Generally speaking, a consignment lasts for a certain period of time, after which the good is returned to the owner, unless it first is sold. consignment The practice of accepting possession of goods for another with the intention of selling the goods and remitting payment to the owner,less any agreed-upon fees.Ownership of the goods remains at all times in the consignor, not in the shopkeeper (consignee). Landlords may not obtain liens in the goods,and lenders may not gain security interests under blanket liens,if they have been put on notice that the party engages in the sale of consigned goods. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| com to find consignment shops that offer savings on secondhand clothing and goods such as office furniture and household items. Green invitations were written in soy ink on recycled paper, the venue was an empty car dealership on La Brea Avenue, organic beer and wine were served at bars illuminated with energy-saving lights, and live plants were placed amid furniture recovered from consignment shops. Vincent de Paul, Salvation Army and consignment shops. |
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