Definition, Meaning & Synonyms
consignment
noun
/kənˈsaɪn.mənt/
Definition
A consignment is an arrangement where goods are delivered to a person or business, who will sell them on behalf of the owner.
Examples
- The artist sent her paintings on consignment to the gallery.
- He received a percentage of the sale as a commission for the items on consignment.
- We have several new books on consignment at the store.
Meaning
It refers to the process of sending goods to another party, usually for sale, where the ownership remains with the sender until sold.
Synonyms
- shipment
- delivery
- transfer
- dispatch
