[kuh
n-sahyn-muhnt] 
| 1. | the act of consigning. |
| 2. | something that is consigned. |
| 3. | Commerce. property sent to an agent for sale, storage, or shipment. |
| 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. |
| con·sign·ment (kən-sīn'mənt) n.
|
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.