Consignment meaning

kən-sīn'mənt
The act of consigning.
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The definition of consignment refers to a batch of goods delivered, to the act of delivering goods or to an agreement to pay a supplier after goods or items have been sold.

When you give someone an item to sell and you agree to get paid only after the item has been sold, this is an example of a time when you sell the item on consignment.

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Something consigned.
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A consigning or being consigned.
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Something consigned; esp., a shipment of goods sent to a dealer for sale or safekeeping.
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An agreement by a retailer to sell merchandise owned by another person or corporation (the consignor). No payment is made to the consignor until the merchandise is actually sold. Unsold items are returned to the consignor.
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The bailment of goods by their owner (the consignor) to another person (the consignee) to have the consignee sell the goods on behalf of the consignor in exchange for a portion of the proceeds or to deliver them to a designated recipient. See also consignee.
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A collection of goods to be sent, in transit or having been sent.
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The act of consigning.
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on consignment
  • With the provision that payment is expected only on completed sales and that unsold items may be returned to the one consigning:.
    The retailer accepted the shipment on consignment.
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on consignment
  • Shipped or turned over to a dealer for sale, with payment to the owner to follow the sale.
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Idioms and Phrasal Verbs

on consignment
on consignment

Consignment Sentence Examples

  • Consignment store down the road.

  • The carrier gave a receipt for the consignment, took all responsibility and exacted a receipt on delivery.

  • In 1792 the quantity exported from the United States was only 1 It is related that in the year 1784 William Rathbone, an American merchant resident in Liverpool, received from one of his correspondents in the southern states a consignment of eight bags of cotton, which on its arrival in Liverpool was seized by the customhouse officers, on the allegation that it could not have been grown in the United States, and that it was liable to seizure under the Shipping Acts, as not being imported in a vessel belonging to the country of its growth.

  • In 1900 the consignment of arms and ammunition to the Persian Gulf through Indian ports with or without transhipment was made illegal.

  • They protested against the multiplication of slaves from motives of vanity in the houses of the great, against the gladiatorial combats (ultimately abolished by the noble self-devotion of a monk) and against the consignment of slaves to the theatrical profession, which was often a school of corruption.

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Words near consignment in the Dictionary