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.
This kind of arrangement is called Consignment. Definition. The contract or an agreement of sending several goods by the producers or manufacturers of a place to their agents for the sale is known as a consignment. Types of Consignment. Outward Consignment. Inward Consignment. Consignment Processing. Sale. Features of a Sale.
“Consignment only” refers to a unique selling arrangement, where you retain ownership of your item until it sells. You entrust your goods to a store or platform (the consignee) to market and sell on your behalf. This model is especially popular in fashion, art, and antiques.
Examples of consign in a Sentence She consigned the painting to an auction house. The goods were consigned to him.
Items commonly sold by consignment include clothing, athletic equipment, furniture, musical instruments, art, and jewelry.
A document that shows the details of goods that have been sent from a seller to a buyer, and that travels with the goods: rail/air/road consignment note.