consignment


Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia, Wikipedia.
Related to consignment: consignment inventory

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 transferring 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

an arrangement between an exporter and an importer of a product under which the exporter only receives payment for the product after it has been transported to, and sold by, the importer. Where exporters sell GOODS on consignment they may experience significant delays in being paid and must make appropriate funding arrangements to maintain their cash flow. See EXPORTING, EXPORT CREDIT GUARANTEE DEPARTMENT.

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.

References in periodicals archive ?
Many used-car dealerships will sell on consignment "if you ask them," said Daniel Salzedo, general manager of Costa Mesa-based Orange County Professional Auto Brokers Inc.
Consignment helps grow the industry, and it's been a part of the industry for a long time," said Michael Jobst, marketing director at Safavieh, which does about 40 percent of its business in consignment.
As an added value service Palletways has launched a WAP (Wireless Application Protocol) solution, which provides customers with remote access to consignment information via their mobile phones.
Thirdly, manifests also recorded the name of the person assuming financial responsibility and at whose risk the consignment was being made.
is a family of three high-end designer consignment concepts--My Sister's Closet (women), My Sister's Attic (home furnishings) and Well Suited (men).
It has requested the Brazilian authorities to confirm the authenticity of the health certificates of the other nine consignments of Brazilian products exported to Hong Kong, and to provide their investigation results as soon as possible.
The consignment was received by Secretary of Ministry of Disaster Management S.
The barley was bought in three 25,000-ton consignments, one at USD 173.
Film critic Ruth Burgess praised CONSIGNMENT as "a beautiful and ornate puzzle, disguised as a film noir romance," comparing the film's hypnotic quality to that of Mulholland Drive, Donnie Darko, and Stanley Kubrick's The Shining.
RCO secretary general Dr Mustafa Al Sayed, meanwhile, explained that the second consignment contains more than 40 tonnes of medicines, relief and food supplies that have been processed according to the needs of the people of Gaza.
The consignment has been loaded from Gulistan in Dhaka and we were informed that readymade garments would there be in the cartons.
Tucked away in between High and Main Streets, the consignment store has everything a family will need to spruce up a home, update sporting gear, or dress and take care of little ones.