consign

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Related to consignors: consignee

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
See also: alienate, allocate, assign, attorn, authorize, cede, commit, confide, contribute, convey, delegate, detail, disperse, disseminate, distribute, divide, entrust, give, grant, leave, mete, refer, relegate, remand, remit, supply, transfer, transmit, transport, trust, vest
References in periodicals archive ?
Keywords: movable property, consignor, consignee, commission, mandate without representation.
Aditro Logistics makes use of Consignor Portal to control and monitor shipments and Scan App for improved track & trace.
These periodic, short-term consignment events have featured some 1,200 consignors and utilized the services of roughly 200 volunteers.
And so it was that pies as well as needlework, knitted mittens, socks, embroidered items, stuffed animals, and other handicrafts brought in nearly $14,000 in commissions to consignors in the first year of the New York exchange's operation.
So the average and median prices were down but so were the costs invested and the biggest operators mainly showed profits, although that was far from the case for every consignor.
Unsold items will be returned to the consignor or donated to charity.
More and more online auction companies are now employing dynamic pricing models for lenders and consignors to turn used vehicles into cash faster and cut vehicle disposal costs.
For example, instead of a consignor who normally brings 20, they will look at them and bring 18," he said.
The precarious position of the Berry-Hill and Salander consignors in bankruptcy resulted from the curious treatment of consigned goods in bankruptcy.
The court held the consignors did not have any protected consignment interest in the goods because they had failed to file UCC financing statements describing their goods.
The consignors' data worksheet will contain specific data related to each consignor in particular and is useful as a guide for directing relevant questions to potential consignors.
Our programs for our Certified Auction Partners and consignors provide a new way for vehicles to be marketed simultaneously in both online and physical auctions," said Greg Lubrani, Business Line Director, Independent Auctions, OPENLANE.