consignment

(redirected from consignments)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
We bought different items including medicines, clothes and blankets for flood victims of Kashmir but the airport authorities refused to carry that," a donor, Rashid, whose consignment was stopped at Bangalore airport told media men.
The consignment is to be transported by land to the Gaza Strip, in co-operation with UNRWA and WHO.
The Goodguys event is a fantastic venue and aligns with our inventory of classic cars, trucks and hot rods that we have on consignment,” says Stephanie Wahl, Marketing Manager at Other Peoples Stuff.
The answer in a nutshell may be affected by the terms of the consignment agreement.
This importer was one of several who pointed out that rugs on consignment are priced high, in part to cover the cost of the lease.
The pro clima service enables customers to send carbon-neutral consignments for a small additional charge of no more than a few cents.
com)-- Econsignor is an ebay consignment service in Pflugerville, Texas.
The rug community is finding out, much to their shock, that the law regarding consignments changed drastically in July 2001," Peterson said.
Named The Good River Collection, this multi-million-dollar consignment, put together over the course of several years by a number of the country's foremost numismatists, includes hundreds of rare and high-grade coins, adding to a sale already estimated by Superior Galleries management to be one of the firm's best in many years.
More consignments will be sent to Yemen on a monthly basis over three months from October, said Al Raisi.
A $1 million (BD378,000) aid consignment left Bahrain on board two planes for Gaza yesterday.