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- Dictionaryconsignment/kənˈsʌɪnm(ə)nt/
noun
- 1. a batch of goods destined for or delivered to someone: "a consignment of drugs"
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CONSIGNMENT definition: 1. an amount of goods that is sent somewhere: 2. If goods are on consignment, the person or…. Learn more.
Apr 30, 2024 · 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...
The meaning of CONSIGNMENT is the act or process of consigning. How to use consignment in a sentence.
The verb consign means "to send", and therefore the noun consignment means "sending goods to another person". 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.
adjective. of, relating to, or shipped as goods on consignment: consignment selling of gift items. / kənˈsaɪnmənt / noun. the act of consigning; commitment. a shipment of goods consigned. on consignment. for payment by the consignee after sale. he made the last shipment on consignment. Discover More. Other Words From. non con·sign ment noun.
Consignment is the act of leaving goods with someone else to sell while retaining ownership until the goods are sold. 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.
Consignment means the delivery of things, like clothing or furniture, for sale or donation to someone else. A " consignment shop" is a clothing store that sells other people's clothing and goods. Consignment is a commercial term that refers to a giving over of objects.
Definition of consignment noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
CONSIGNMENT meaning: 1 : a quantity of goods that are sent to a person or place to be sold; 2 : the act or process of sending goods to a person or place to be sold.
n. 1. the act of consigning; commitment. 2. (Commerce) a shipment of goods consigned. 3. (Commerce) on consignment for payment by the consignee after sale: he made the last shipment on consignment.
