Consignment
Consignment is the act of consigning, the act of giving over to another person or agent’s charge, custody or care any material or goods but retaining legal ownership until the material or goods are sold. That may be done for the purpose of shipping the goods, transferring the goods to auction or intending the goods to be placed on sale in a store (a consignment store).
The verb “consign” means “to send” and therefore the noun “consignment” means “sending goods to another person”. In the case of “retail consignment” or “sales consignment” (often just referred to as a “consignment”), goods are sent to the agent for the purpose of sale. The ownership of these goods remains with the sender. The agent sells the goods on behalf of the sender according to instructions. The sender of goods is known as the “consignor” and the agent entrusted with the custody and care of the goods is known as the “consignee”.
Shipment (noun)
a load of goods that is transported by any method (not just by ship)
Shipment (noun)
the act of transporting goods
Consignment (noun)
A collection of goods to be sent, in transit or having been sent
Consignment (noun)
The act of consigning
Shipment (noun)
the action of shipping goods
“logs waiting for shipment”
Shipment (noun)
a quantity of goods shipped; a consignment
“the shipment arrived at Liverpool”
Consignment (noun)
a batch of goods destined for or delivered to someone
“a consignment of drugs”
Consignment (noun)
the action of consigning or delivering something
“levels of consignment are running below budget”