consignment


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 who acts as a selling agent. American Banker Glossary
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transfer of goods to a seller while title to the merchandise is retained by the owner. Bloomberg Financial Dictionary

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consignment con‧sign‧ment [kənˈsaɪnmənt] written abbreviation consgt noun
1. [countable] TRANSPORT a quantity of goods delivered at the same time:

• Sixty eggs are removed from each consignment and tested for salmonella.

consignment of

• A large consignment of weapons was unloaded from the ship.

2. [countable, uncountable] COMMERCE goods given to someone acting for the owner, who must either sell them or return them to the owner:

• Instead of selling him your goods, you can let him have them on consignment. This means he gets physical possession of the goods but you keep legal title.

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consignment UK US /kənˈsaɪnmənt/ noun [C] COMMERCE
a quantity of goods that are sent together: consignment of sth »

When we get our next consignment of stock our new warehouse management system will be in operation.

»

Customs officers at the port discovered a consignment of pirated computer games.

on consignment — Cf. on consignment

Financial and business terms. 2012.

Synonyms:

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 — 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