consign

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consign

v. 1) to deliver goods to a merchant to sell on behalf of the party delivering the items, as distinguished from transferring to a retailer at a wholesale price for re-sale. Example: leaving one's auto at a dealer to sell and split the profit. 2) to deliver to a carrier to be taken to an agent of the sender. 3) when a debtor has belongings but no money to pay his/her creditors and deposits his/her goods with a trustee who will sell them to raise money to pay the owner's debts and creditors. This is done by agreement between a debtor and his/her creditors or by order of a bankruptcy judge.

consign

verb abalienate, assign to, authorize, charge, commit, commit to another's trust, committere, convey, deliver, deliver formally, deliver over, deposit with, entrust, give in trust, hand over, have conveyed, send, ship, transfer, transfer for sale, transmit, transplant, transport, turn over
Associated concepts: bailment, conditional sale, consignnent contract of goods

References in periodicals archive ?

In a footnote, the study group noted that the filing requirement might not be unreasonably onerous for some knowledgeable consumers, giving as an example "a sophisticated art collector who consigns art to a gallery.

A picture imperfect: the rights of art consignor-collectors when their art dealer files for bankruptcy

Wholesalers are more willing to consign higher-priced rugs, said Robert Moomjy, general manager of MER Corp.

RUG COMPANIES GIVE CONSIGNMENT THE FLOOR

You hear it all the time: "We don't buy art"; "I don't consign art" "We can't afford to advertise" "We don't have room"; "We have to discount"; "We've always done it this way.

Acquiring art for your gallery: old-school habits and beliefs won't cut it in this increasingly competitive market

The terms and conditions of the consignment are as follows: CONSIGNMENT; You 'Consignor' hereby consign to Morgansen's the property .