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consignment |
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The delivery of goods to a carrier to be shipped to a designated person for sale. A Bailment of goods for sale. A consignment is an arrangement resulting from a contract in which one person, the consignor, either ships or entrusts goods to another, the consignee, for sale. If the goods are transported by a carrier to the consignee, the name of the consignor appears on the bill of lading as the person from whom the goods have been received for shipment. The consignee's name appears on it as the person to whom delivery is to be made. The consignee acts as an agent on behalf of the consignor, a principal, in selling the goods and must take reasonable care of them while in his or her possession. The consignor does not give up ownership of the goods until their sale. Under the terms of the consignment contract, the consignee agrees to pay the consignor a balance of the price received for any goods sold, which has been reduced by a fee, usually a small percentage of the sale price. Any goods that have not been sold must be returned to the consignor. Cross-referencesconsignment v. the act of consigning goods to one who will sell them for you or transport them for you. (See: consign, consignee) consignment noun allocation, allotment, assignation, assignment, cession, concession, consignation, conveyance, conveyancing, delivering to, dispatchment, distribution, expressage, goods shipped, merchandise sent, sending, shipment, shipping, transfer, transference, transferring, transmission Associated concepts: consignment for sale, consignment shipper See also: alienation, apportionment, assignment, cargo, delegation, freight CONSIGNMENT. The goods or property sent by a common carrier from one or more persons called the consignors, from one place, to one or more persons, called the consignees, who are in another. By this term is also understood the goods sent by one person to another, to be sold or disposed of by the latter for and on account of the former. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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com to find consignment shops that offer savings on secondhand clothing and goods such as office furniture and household items. Green invitations were written in soy ink on recycled paper, the venue was an empty car dealership on La Brea Avenue, organic beer and wine were served at bars illuminated with energy-saving lights, and live plants were placed amid furniture recovered from consignment shops. Vincent de Paul, Salvation Army and consignment shops. |
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