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 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 ?
Coach and Prada bags, practically brand-new prom dresses, sassy skirts for spring and perfectly pleated pants are coming out of closets everywhere and into upscale consignment stores.
Some consignment stores in Central Massachusetts carry children's clothes and shoes, but not all of them do.
CUTLINE: Graffiti artist Randy Num paints the van for Silent Partners consignment store on Hamilton Street yesterday.
Conditions consignment store: Bidders are required to declare the acceptance of the tender conditions of the establishment of the consignment store, failing which bid is invalid, and that another integral part of the transportation and storage contracts.
If you earn $7, $8, or even $9 an hour, you're not buying new clothes anyway; you're going to Goodwill or consignment stores.
PostNet, The UPS Store), mail and parcel centers college and university book stores, auction consignment stores (eBay Trading Assistants), and self-storage centers.
The makers of ConsignPro, popular software used by consignment stores, are glad to see a wider array of resellers and agree that businesses like Hilton House are a win-win situation for everyone involved.
Snap(SM) is a new way for people to sell excess and unwanted items that will make them more money and save them time versus traditional channels like classified advertising, garage sales, pawn shops and consignment stores.
Snap(SM) provides an entirely new way for Austinites, as well as businesses, to sell their excess items that will make them more money and save them time versus traditional channels like classified advertising, garage sales and consignment stores.
Liquid Engines technology powers virtually any market; exchanges, auctions and reverse auctions, competitive markets, barter, consignment stores, pawnshops, trading posts and many others as a licensed or hosted offering.
Considered one of the best floor-planned furniture consignment stores in Lee county, Florida.