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