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 ?
Each time interval, no more than the capacity of the consignment store may be transported from suppliers to consignment stores (see the following equation):
In this case, the second consignment store's location is not centralized in order to minimize the materials handling costs of the whole supply chain.
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.
(In Nickel and Dimed, I told the story of a $7 an hour associate who could not afford a $7 polo shirt of the kind we were required to wear.) 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. As for the offerings of Wal-Mart's Electronics and Lawn and Garden departments: For my co-workers, these weren't even on the distant horizon.