- (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————transfer of goods to a seller while title to the merchandise is retained by the owner. Bloomberg Financial Dictionary
* * *consignment con‧sign‧ment [kənˈsaɪnmənt] written abbreviation consgt noun1. [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.
* * *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.