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- Dictionaryconsignment/kənˈsʌɪnm(ə)nt/
noun
- 1. a batch of goods destined for or delivered to someone: "a consignment of drugs"
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Learn the meaning of consignment as an amount of goods that is sent somewhere or as goods that are only paid for after being sold. See synonyms, related words, and usage examples from the Cambridge Dictionary.
Consignment is the act of leaving goods with someone else to sell while retaining ownership until the goods are sold. Learn more about the meaning, synonyms, pronunciation, and usage of consignment in different contexts.
Consignment is the act of sending goods to an agent for sale, storage, or shipment. Learn the origin, idioms and phrases, and example sentences of consignment from Dictionary.com.
consignment. noun. /kənˈsaɪnmənt/. /kənˈsaɪnmənt/. [countable] a quantity of goods that are sent or delivered somewhere. A consignment of medicines is on its way now. a consignment note (= a document listing goods that have been sent) The consignment leaves tonight from Heathrow. Join us.
- What Is Consignment?
- Understanding Consignment
- Advantages of Consignment
- Disadvantages of Consignment
- Consignment Payment Structure
- Products Sold Through Consignment
- The Bottom Line
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Consignment is an arrangement in which goods are left in the possession of an authorized third party to sell. Goods sold in this way are said to be "consigned" to a third party for sale. Items sold on consignment are typically sold by consignment shops, which receive a percentage of the revenue from the sale (sometimes a very large percentage) in t...
In the 21st century, so-called consignment shops have become trendy, especially those offering specialty products, infant wear, pet care, and high-end fashion items. The millennial generation, in particular, is known for its frugal shopping habits, which include eschewing high-end stores and designer boutiques in favor of bargains found at thrift a...
Selling on consignment is a great option for an individual or business that does not have a brick-and-mortarpresence, although consignment arrangements can also exist in cyberspace. To a certain degree, online companies such as eBay are consignment shops; for a percentage of the sale, they offer people a marketplace to exhibit and sell their wares....
The primary disadvantage of the consignment model for producers or owners is that consignment shops typically charge a high level of commission on consignment sales. For artworks, for example, it's not uncommon for galleries to charge a 50% commission. Since this commission comes out of the share returned to the owner or producer of the goods sold,...
A person wishing to sell an item on consignment delivers it to a consignment shop or a third party to do the selling on their behalf. Before the third party takes possession of the good, an agreement must be reached as to the revenuesplit when the item is sold. Most consignment shops have standard fee schedules that indicate the percentage of the s...
Some types of product are commonly sold through consignment. These include clothing, athletic equipment, furniture, musical instruments, art, and jewelry. For example, an artist might have five large pieces of artwork to sell but has no place to showcase the work for prospective buyers. The artist decides to employ an art gallery to show and sell t...
Consignment is an arrangement in which goods are left in the possession of an authorized third party to sell. A consignment shop, for example, will sell items produced or supplied by someone else, and pay them a portion of the profit. The party that sells the goods on consignment receives a portion of the profits, either as a flat rate fee or commi...
Consignment is an arrangement in which goods are left with a third party to sell and the seller receives a portion of the profits. Learn how consignment works, what products are commonly sold this way, and the pros and cons of this business model.
Consignment is a process whereby a person gives permission to another party to take care of their property and retains full ownership until the item is sold. Learn about the legal and accounting aspects of consignment, the types of consignment arrangements, and the differences with other forms of trade.
The meaning of CONSIGNMENT is the act or process of consigning. How to use consignment in a sentence.
