Definition, Meaning & Synonyms

on-consignment

Adjective

/ˌɒn.kənˈsaɪn.mənt/

Definition

Referring to a business arrangement where goods are made available for sale but remain the property of the supplier until sold.

Examples

The store sold clothing on-consignment, allowing local designers to showcase their work.
She decided to sell her artwork on-consignment at the gallery.
The bookstore operates on-consignment, meaning it doesn’t buy the books until they are sold.

Meaning

In an on-consignment agreement, the seller (consignee) sells goods on behalf of the owner (consignor) without having to purchase them upfront. The owner receives payment only after the goods are sold.