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- Dictionaryconsignment/kənˈsʌɪnm(ə)nt/
noun
- 1. a batch of goods destined for or delivered to someone: "a consignment of drugs"
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CONSIGNMENT definition: 1. an amount of goods that is sent somewhere: 2. If goods are on consignment, the person or…. Learn more.
Apr 30, 2024 · Consignment is an arrangement in which goods are left with a third party to sell. The party that sells the goods on consignment receives a portion of the profits, either...
The meaning of CONSIGNMENT is the act or process of consigning. How to use consignment in a sentence.
adjective. of, relating to, or shipped as goods on consignment: consignment selling of gift items. / kənˈsaɪnmənt / noun. the act of consigning; commitment. a shipment of goods consigned. on consignment. for payment by the consignee after sale. he made the last shipment on consignment. Discover More. Other Words From. non con·sign ment noun.
Oct 3, 2023 · Consignment is a popular form of business for auction houses, import companies, and any service involving the transfer or sale of goods by third parties. Thrift shops and second-hand stores are typical examples of consumer-facing consignment businesses.
Consignment means the delivery of things, like clothing or furniture, for sale or donation to someone else. A " consignment shop" is a clothing store that sells other people's clothing and goods. Consignment is a commercial term that refers to a giving over of objects.
Consignment is the act of leaving goods with someone else to sell while retaining ownership until the goods are sold. Goods are sometimes supplied on a consignment basis, so that payment is not made until after the buyer has sold the goods, and in the meantime the goods remain the property of the supplier.
