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.

References in periodicals archive ?
A consignor must do more than merely file a UCC financing statement to obtain a superior interest in its consigned goods.
Further, the shipment consigned to King's Empire arrived on Dec.
This price was shared between a Texel Ewe consigned by T Nesbitt & Son, Alwent Hall which was purchased by Lancashire Direct Halal, and a Texel Tup consigned by W J Scott Ltd, Low Leam, which was also purchased by Lancashire Direct Halal.
All returned items are sent back to The Consigned Couture.
(3) As the dust settled, artists and collectors who had consigned work to Berry-Hill began to realize what the bankruptcy filing meant for their artwork.
"The dominance of the X Factor means that betting on the Christmas number one is likely to be consigned to the history books and White Christmas could go the same way if global warming continues to gather pace," said Rupert Adams.
While Feizy has consigned in the past, it prefers not to anymore, said Ray Ehsani, vice president of sales, division one, at the company.
Like the picnickers in Manet's Dejeuner sur I'herbe, the characters in Untitled appear ill at ease in their consigned roles, uncomfortable with both the surroundings and their attire.
Police items that formerly would have been consigned to newspaper back pages - or that would have been totally ignored - suddenly make the front pages and the evening newscasts.
In any event, a consignment seller (known as a consignor) provides goods to its customer (known as a consignee) with the expectation that the consignor retains an ownership interest--and, therefore, will maintain a priority interest--in the consigned goods.
Customs district collector Carmelita Talusan said the shipment of illegal wildlife such as stingray skin from Jakarta, Indonesia was found in a package consigned to a certain resident of Talisay, Cebu City while a moose head and preserved fox were from Norway and France consigned to residents of Cavite and Quezon City, respectively.
The first shipment was consigned to Richard Mercado, of Barangay Laging Handa in Quezon City, according to the BOC.