Home > Term: consignment
consignment
Delivery of merchandise from a seller (the consignor) to an agent (the consignee) under agreement that the agent sell the merchandise for the account of the seller. 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.
- Part of Speech: noun
- Industry/Domain: Convention
- Category: Conferences
- Company: CIC
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