Consignment Meaning

Consignment is the act of consigning, the act of transferring over to agent’s charge or another person, care or custody any goods or material but hold on to the legal ownership pending the period the goods or material are sold. It is done for the purpose of shipping the goods, intending the goods to be placed on sale in a store (a consignment store) or transferring the goods to auction.

This entry in dictionary was updated on 24 February 2022 by specialist.