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  2. Dictionary

    con·sign·ment
    [kənˈsīnm(ə)nt]
    noun
    consignment (noun) · consignments (plural noun)
    1. a batch of goods destined for or delivered to someone:
      "a consignment of beef"
      • the action of consigning or delivering something:
        "levels of consignment are running below budget"
      • US ENGLISH
        agreement to pay a supplier of goods after the goods are sold:
        "new and used children's clothing on consignment"
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  3. People also ask
    What is a consignment arrangement?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 as a flat rate fee or commission. Selling via a consignment arrangement can be a low-commission, low-time-investment way of selling items or services.
    What does consignment mean?Pick the best ones! Spelling Bee Quiz Can you outdo past winners of the National Spelli... The meaning of CONSIGNMENT is the act or process of consigning. How to use consignment in a sentence.
    How does a consignment work?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. The agent sells the goods on behalf of the sender according to instructions.
    en.wikipedia.org
    What happens if goods are supplied on a consignment basis?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. When a manufacturer supplies goods to a dealer on consignment, the dealer can return the goods without incurring a loss.
     
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