- *agent or intermediary takes physical custody of a vendor’s inventory, pending anticipated sales to *third parties. The agent earns a *commission for storage and sale of the inventory. The *risks and *rewards of the transactions and the inventory normally remain with the vendor.
Auditor's dictionary. 2014.
Look at other dictionaries:
consignment — I noun allocation, allotment, appropriation, assignation, assignment, cession, concession, consignation, conveyance, conveyancing, delivering to, dispatchment, distribution, expressage, goods shipped, interchange, merchandise sent, sending,… … Law dictionary
consignment — [n1] entrusting, handing over assignment, committal, dispatch, distribution, relegation, sending shipment, transmittal; concepts 108,143,217 Ant. holding, keeping, retention consignment [n2] something entrusted to another’s care batch, delivery,… … New thesaurus
consignment — [kən sīn′mənt] n. 1. a consigning or being consigned 2. something consigned; esp., a shipment of goods sent to a dealer for sale or safekeeping on consignment shipped or turned over to a dealer for sale, with payment to the owner to follow sale … English World dictionary
Consignment — Con*sign ment, n. 1. The act of consigning; consignation. [1913 Webster] 2. (Com.) The act of consigning or sending property to an agent or correspondent in another place, as for care, sale, etc. [1913 Webster] 3. (Com.) That which is consigned;… … The Collaborative International Dictionary of English
consignment — 1560s, sealing with a sign, from CONSIGN (Cf. consign) + MENT (Cf. ment). Meaning delivering over is from 1660s; especially of goods, for the sake of sale or auction, from c.1700. Meaning quantity of goods so assigned is recorded from 1720s … Etymology dictionary
consignment — ► NOUN ▪ a batch of goods consigned … English terms dictionary
Consignment — Admiralty law History … Wikipedia
consignment — (1) (adj.) Goods or inventory that are held by a selling agent, wholesaler, or reseller until the goods are either sold or returned to the seller. (2) (v.) The physical transfer of goods from a seller/consignor who retains title to a consignee… … Financial and business terms
consignment — con|sign|ment [kənˈsaınmənt] n 1.) a quantity of goods that are sent somewhere, especially in order to be sold consignment of ▪ a large consignment of clothes 2.) on consignment goods that are on consignment are being sold for someone else for a… … Dictionary of contemporary English
consignment — /kən saɪnmənt/ noun 1. the sending of goods to someone who will sell them for you ♦ goods on consignment goods kept for another company to be sold on their behalf for a commission 2. a group of goods sent for sale ● A consignment of goods has… … Dictionary of banking and finance
consignment — /keuhn suyn meuhnt/, n. 1. the act of consigning. 2. something that is consigned. 3. Com. property sent to an agent for sale, storage, or shipment. 4. on consignment, (of goods) sent to an agent for sale, with title being held by the consignor… … Universalium