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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.
Definition of consignment noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
The verb consign means "to send", and therefore the noun consignment means "sending goods to another person". In the case of retail consignment or sales consignment (often just referred to as a "consignment"), goods are sent to an agent for the purpose of sale. Legal ownership of these goods remains with the sender.
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.
The meaning of CONSIGNMENT is the act or process of consigning. How to use consignment in a sentence.
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.
n. 1. the act of consigning; commitment. 2. (Commerce) a shipment of goods consigned. 3. (Commerce) on consignment for payment by the consignee after sale: he made the last shipment on consignment.
