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consignment - 4 dictionary results

con⋅sign⋅ment

[kuhn-sahyn-muhnt]
–noun
1. the act of consigning.
2. something that is consigned.
3. Commerce. property sent to an agent for sale, storage, or shipment.
–adjective
4. of, pertaining to, or shipped as goods on consignment: consignment selling of gift items.
5. on consignment, (of goods) sent to an agent for sale, with title being held by the consignor until a sale is made.

Origin:
1555–65; consign + -ment
con·sign·ment   (kən-sīn'mənt)   
n.  
  1. The act of consigning.
  2. Something consigned.

Consignment

Con*sign"ment\, n. 1. The act of consigning; consignation.

2. (Com.) The act of consigning or sending property to an agent or correspondent in another place, as for care, sale, etc.

3. (Com.) That which is consigned; the goods or commodities sent or addressed to a consignee at one time or by one conveyance.

To increase your consignments of this valuable branch of national commerce. --Burke.

4. The writing by which anything is consigned.
Language Translation for : consignment
Spanish: remesa, envío,
German: die Sendung,
Japanese: 委託

Consignment

When goods are delivered to another company with the understanding that payment for the goods is only made once the goods are sold.

Investopedia Commentary

Consignment can cover just about any type of business. It is advantageous for the seller of consigned goods, because they don't need to pay suppliers upfront.

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