The act of consigning or sending property to an agent or correspondent in another place, as for care, sale, etc.
That which is consigned; the goods or commodities sent or addressed to a consignee at one time or by one conveyance.
Shipment of one or more pieces of property, accepted by the carrier from one shipper, receipted for in one lot, and moved on one Air Waybill, to one consignee at one destination.
Goods shipped to an overseas agent when an actual purchase has not been made, but when the consignee agrees to sell the goods.
The placing of goods by the owner of the goods (the consignor) on the premises of another company (the consignee).
A delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under the agreement that the agent will sell the merchandise, receive a commission, and remit the net proceeds to the exporter.
1. Goods or property sent by the aid of a carrier from one person (the consignor) to another (the consignee). 2. Entrusting of goods to another to sell as agent for the sender.
Items offered for sale on a cash or short-term credit basis. See commission merchant; guaranteed sale.
Transfer of goods to a seller while title to the merchandise is retained by the owner.
Property sent to an agent for sale. The reseller pays only for what is sold and may return anything unsold.
The shipment of goods or chattels by means of a common carrier form one party known as the consignor to another known as the consignee; also, the transfer of property to another for sale by him.
1) The process of managing consigned inventory. 2) A shipment of goods. The term "shipment" is primarily U.S. usage, and outside the U.S. the term "consignment" is more commonly used. It comes from the fact that when a seller ships goods to a buyer, the inventory is "consigned" to a carrier, who does not take ownership of the goods. The seller is referred to as a "consignor" and the buyer as a "consignee". This latter use of the term has little to do with whether or not the seller is consigning inventory to the buyer, warehouse, or other delivery party, but retaining ownership under the terms and agreement for a consignment program.
Property consigned by a seller to an auctioneer to auction
A separately identifiable number of goods (ready and available to be) carried from one consignor (sender) to one consignee (receiver) via one or more modes of transport, listed and specified in one transport document only.
Term of sale wherein a seller delivers goods to the buyer but retains legal ownership of the goods until they are re-sold by the buyer. The buyer is responsible for remitting payment to the seller at time of re-sale to the end-buyer.
When goods are exported subject to consignment, the exporter only receives payment on completed sales. Any unsold items may be returned to the exporter, usually at their expense. This is a high-risk method of payment for an exporter.
Goods shipped for future sale or other purpose, with title remaining with the shipper or consignor. The receiver (consignee), upon acceptance, is accountable for the consigned goods although payment is not made until a later date. Consigned goods are a part of the consignor's inventory until sold. The consignee may be the eventual purchaser, may act as the agent through whom the sale is made, or may otherwise dispose of the goods in accordance with his agreement with the consignor.
Delivery of merchandise to the buyer or distributor, whereby the latter agrees to sell it and only then pay the Canadian exporter. The seller retains ownership of the goods until they are sold, but also carries all of the financial burden and risk.
goods carried by a large vehicle
the delivery of goods for sale or disposal
a collective shipment of several parcels to different recipients in the same country
an agreement to hold an item for sale for a percentage commission
an arrangement under which a dealer agrees to accept possession for the purpose of sale and the owner will then pay the dealer from the proceeds of the sale
an item taken to an agent for sale, with title being held by the consignor until the sale is made
a transaction in which an owner of goods (the consignor) delivers the goods to another (the consignee) for the consignee to sell
A form of providing tangible goods to a retail or wholesale outlet for the purpose of displaying and selling at will. Consignment does not constitute a perfected security interest in the product - it simply means that the product is the possession of the seller until sold.
Vehicles assigned to an auction for sale.
Merchandise shipped to a foreign agent or customer when an actual purchase has not been made, but under an agreement obliging the consignee to pay the consignor for the goods when sold.
Refers to the number of goods handed over by shipper to consignee.
Delivery of merchandise from an exporter (the consignor) to an agent (the consignee) under agreement that the agent sell the merchandise for the account of the exporter. The consignor retains title to the goods until the consignee has sold them. The consignee sells the goods for commission and remits the net proceeds to the consignor.
One or more items that a carrier has accepted for shipment at a given time
A shipment of goods to an agent, with title to the goods remaining with the shipper, or consignor; when the goods are sold the agent, or consignee, forwards payment to the consignor. (See preceding definition.)
Goods that are in the hands of someone other than the owner for future sale or other purpose.
(1) A stock of merchandise advanced to a dealer and located at his place of business, but with title remaining in the source of supply. (2) A shipment of goods to a consignee.
A shipment of goods. The buyer of this shipment is called the consignee; the seller of the goods is called the consignor.
Gold delivered in advance by a supplier to an agent with the intention to facilitate and increase sales in an overseas market.
The total number of items or shipments tendered to Canada Post at any one given time on a given date by a Customer. (dépôt)
Delivery of merchandise from an exporter to an agent for sale by the agent, credited to the exporters account, with a commision earned by the agent.
the coins that are given to an auction house or dealer to sell.
The supply of goods to a vendor on the understanding that the vendor will pay for whatever goods he or she is able to sell, and will return the rest to the supplier.
Merchandise in transit covered under a bill of lading.
An arrangement whereby the consignor (seller) remains the owner of the property until such time as the consignee (buyer) sells the goods; at which time the consignee generally holds the proceeds of the sale in trust for the benefit of the consignor.
A shipment of goods to a consignee. Also, a stock of merchandise advanced to a dealer and located at his place of business but with the title remaining at the source of supply.
A term pertaining to merchandise shipped to a consignee abroad when an actual purchase has not been made, under an agreement by which the consignee is obligated to sell the goods for the account of the consignor, and to remit proceeds as goods are sold.
A shipment of goods made under an agreement whereby the receiver undertakes to sell or otherwise dispose of the goods as an agent on behalf of the shipper. The latter retains title to the goods until they are sold or disposed of according to the arrangement.
a payment method whereby an importer only pays for the goods when sold to a third party, and where title is retained by the exporter until then.
Synonym for shipment. A shipment of one or more pieces of property, accepted by the carrier from one shipper at one time, receipted for in one lot, and moving on one air waybill.
An arrangement through which a retailer takes possession of an artist's product, such as CDs or t-shirts, and only pays the artist for inventory that is sold. Essentially, when a sale occurs, the retailer purchases product from the held inventory to meet the order.
(Also called 'sale or return') Products delivered for future sale for which the receiver (consignee) upon acceptance is accountable. The consignee may be the eventual purchaser, may act as the agent through whom the sale is effected, or may otherwise dispose of the products in accordance with an agreement with the consignor. The title of the goods does not pass at the time of delivery, but at the expiration of a specified period, after which the consignee may return the unsold goods.
An arrangement whereby merchandise owned by one party (the consignor) is sold by another party (the consignee), usually on a commission basis.
A shipment made by a producer or dealer to an agent elsewhere with the understanding that the commodities in question will be cared for or sold at the highest obtainable price. Title to the merchandise shipped on consignment rests with the shipper until the goods are disposed of according to agreement.
a shipment of cargo to consignee; the act of shipping goods to another
The act of consigning goods to one who will sell them for the owner or transport them for the owner.
In a consignment, the consignor (owner of the goods) transfers goods to the consignee. The consignor retains legal title to the goods. The consignee is acting as an agent in an attempt to sell the goods. Although the consignee is temporarily holding the goods, the inventory is not an asset on his books. If a sale occurs, the consignee deducts from the selling price his commission and related expenses, remitting the balance to the consignor.
The physical transfer of goods from a seller (consignor) with whom the title remains until the goods are sold, to another legal entity (consignee) who acts as a selling agent. Only if there is a subsequent sale does the seller receive any payment.
Sending merchandise to another party (an agent, consignee) in order to sell the merchandise. Also see consigned goods. To Top
The shipment of merchandise to an agent, the consignee, for the purpose of their subsequent sale on the behalf of the shipper. The latter retains ownership of the merchandise until their sale.
Consignment is the act of consigning, which is placing a person or thing 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 prisoners, or for sale in a store (i.e. a consignment shop). In the context of sale, it is usually understood that the consignee (the consignment seller or the party to which goods are sent) pays the consignor (the person with items to sell or the party by which the goods are consigned) only after the sale, from its proceeds.