What does consignment mean?
Definitions for consignment
kənˈsaɪn məntcon·sign·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word consignment.
Princeton's WordNet
cargo, lading, freight, load, loading, payload, shipment, consignmentnoun
goods carried by a large vehicle
commitment, committal, consignmentnoun
the official act of consigning a person to confinement (as in a prison or mental hospital)
consignmentnoun
the delivery of goods for sale or disposal
Wiktionary
consignmentnoun
A collection of goods to be sent, in transit or having been sent
consignmentnoun
The act of consigning
Samuel Johnson's Dictionary
Consignmentnoun
Etymology: from consign.
Wikipedia
Consignment
Consignment is a process whereby a person gives permission to another party to take care of his property and retains full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a consignment store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set day limit before an item expires for sale. Within the time of contract, reductions of the price are common to promote the sale of the item, but vary on the type of item sold (usually depends on the price point, or if it is considered luxury.)(usually 60–90 days). Consignment stock is stock legally owned by one party, but held by another, meaning that the risk and rewards regarding to the said stock remains with the first party while the second party is responsible for distribution or retail operations.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 the agent for the purpose of sale. The ownership of these goods remains with the sender. The agent sells the goods on behalf of the sender according to instructions. The sender of goods is known as the "consignor" and the agent entrusted with the custody and care of the goods is known as the "consignee".
ChatGPT
consignment
Consignment refers to a business arrangement in which a person or company (consignor) entrusts their goods or products to another person or company (consignee) to sell on their behalf. The consignor retains ownership of the goods until they are sold, at which point the consignee receives a percentage or commission fee for facilitating the sale. The consignee is responsible for promoting, displaying, and managing the sale of the consigned goods, while the consignor bears the risk of unsold items and may retrieve any unsold goods after a specified period.
Webster Dictionary
Consignmentnoun
the act of consigning; consignation
Consignmentnoun
the act of consigning or sending property to an agent or correspondent in another place, as for care, sale, etc
Consignmentnoun
that which is consigned; the goods or commodities sent or addressed to a consignee at one time or by one conveyance
Consignmentnoun
the writing by which anything is consigned
Wikidata
Consignment
Consignment is the act of consigning, which is placing any material in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of goods to auction, or for sale in a store. To consign means to send and therefore consignment means sending goods to another person. In case of consignment goods are sent to the agent for the purpose of sale. The ownership of these goods remains with the sender. The agent sells the goods on behalf of the sender, according to his instructions. The sender of goods is known as consignor and the agent is known as the consignee. Features of consignment are: ⁕The relation between the two parties is that of consignor and consignee and not that of buyer and seller ⁕The consignor is entitled to receive all the expenses in connection with consignment ⁕The consignee is not responsible for damage of goods during transport or any other procedure ⁕Goods are sold at the risk of consignor. The profit or loss belongs to consignor only The word consignment comes from the French consigner, meaning "to hand over or transmit", originally from the Latin consignare "to affix a seal", as was done with official documents just before being sent.
Dictionary of Nautical Terms
consignment
Goods assigned from beyond sea, or elsewhere, to a factor.
Rap Dictionary
consignmentnoun
\'\'\'consignment\'\'\' Credit; you pay for what you sell and return the remainder. \"Let me buy a brick and get the other on consignment\" -- 50 Cent (Corner Bondage).
Matched Categories
Usage in printed sourcesFrom:
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Numerology
Chaldean Numerology
The numerical value of consignment in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of consignment in Pythagorean Numerology is: 7
Examples of consignment in a Sentence
Nyoni and his accomplices' consignment is worth 4 billion shillings ($1.74 million) and involved the killing of 117 elephants going back to 2015 and earlier.
The arrest of Nyoni has brought us to a stage where we can say we have taken into custody all the hardcore poachers on our wanted list, except for a few who have left the country, nyoni and his accomplices' consignment is worth 4 billion shillings ($1.74 million) and involved the killing of 117 elephants going back to 2015 and earlier.
The Global Fund has already delivered shipments of drugs as scheduled for existing patients and is front-loading an additional 12-month supply of drugs, the first consignment of the 12-month front-load will arrive next month, he said. But he acknowledged that front-loading the delivery of drugs, while not increasing the total amount of drugs it sends, was a.
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References
Translations for consignment
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"consignment." Definitions.net. STANDS4 LLC, 2024. Web. 17 Nov. 2024. <https://www.definitions.net/definition/consignment>.
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