consignment

noun
con·​sign·​ment | \ kən-ˈsīn-mənt How to pronounce consignment (audio) \

Definition of consignment

 (Entry 1 of 2)

1 : the act or process of consigning
2 : something consigned especially in a single shipment
on consignment
: shipped to a dealer who pays only for what is sold and who may return what is unsold goods shipped on consignment

consignment

adjective

Definition of consignment (Entry 2 of 2)

: of, relating to, or received as goods on consignment a consignment sale

Examples of consignment in a Sentence

Recent Examples on the Web: Noun The largest online consignment and thrift store is donating 30% of the selling price of each item to Feeding America on its app. Kai Burkhardt, CNN Underscored, "Shop these 31 brands that are giving back to coronavirus relief efforts," 25 June 2020 The officers found about 50 pounds of the drug when a narcotics detector dog at a local express consignment facility alerted to shipments from the Dominican Republic, customs officials said in a press release. Jeanne Houck, Cincinnati.com, "Cocaine hidden in shower curtains and posters doesn't get past nose of Customs detector dog," 18 June 2020 Just Between Friends consignment event: Find children's and maternity items organized by size, gender and age June 22 through June 27 at the Forum Building at the Waukesha Expo Center, 1000 Northview Road. Hannah Kirby, Milwaukee Journal Sentinel, "From concerts to festivals, here are 71 events still scheduled for Milwaukee's suburbs this summer," 17 June 2020 Cody, who asked that last name be withheld, works at a consignment shop in Pekin, Illinois. Sidney Fussell, Wired, "As Businesses Reopen, Some Workers Fear Returning," 5 June 2020 While the coronavirus pandemic might hamper sales in the near term, the promise of consignment shopping amid a deteriorating economic backdrop seems too compelling to ignore. Jinjoo Lee And Laura Forman, WSJ, "Walmart Wants to Turn Rags Into Riches," 5 June 2020 The owners of International Mountain Equipment in North Conway are allowing 10 to 15 customers at a time into their 10,000-square-foot climbing school and outdoor gear shop, with its labyrinthine consignment basement. Miles Howard, National Geographic, "With trails opening, is it safe—or ethical—to go hiking this summer?," 5 June 2020 That includes Skinny Raven Sports on Monday and Second Run consignment shop on Tuesday. Aubrey Wieber, Anchorage Daily News, "Hair, nails and hobbies: Businesses see a flood of customers as ‘hunker down’ is lifted in Anchorage," 28 Apr. 2020 Lolliposh will be having its seasonal consignment sale in Plantation and JBF will have its Huge Kids Sale in Palm Beach Gardens. Jennifer Boehm, sun-sentinel.com, "Weekend roundup: Get out and have some fun with the kids," 18 Sep. 2019 Recent Examples on the Web: Adjective Just Between Friends consignment sale, Thursday to Sunday. Jennifer Jhon, South Florida Parenting, "What to do with the kids this weekend: Shows, fests and fundraisers," 11 Oct. 2017 Consignment sale: This community shopping event will feature clothing, toys, nursery items, baby equipment, furniture and more. Atlanta Life, ajc, "Faith calendar," 4 Aug. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consignment.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of consignment

Noun

circa 1668, in the meaning defined at sense 1

Adjective

1913, in the meaning defined above

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Time Traveler for consignment

Time Traveler

The first known use of consignment was circa 1668

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Statistics for consignment

Last Updated

4 Jul 2020

Cite this Entry

“Consignment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consignment. Accessed 5 Jul. 2020.

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More Definitions for consignment

consignment

noun

Financial Definition of consignment

What It Is

Consignment is an agreement between an owner and a third-party consignee whereby the consignee agrees to sell the owners goods in exchange for a fee.

How It Works

Consignment is an arrangement in which an item is placed in the care of another until purchased by a buyer. Until the item is sold, the consignor still claims ownership and is still responsible for anything that may happen to the item while it is in the care of the consignee.

For example, suppose Frank consigns his antique typewriter to Bob, who offers to sell it for him at his store. Frank (the consignor) and Bob (the consignee) have not exchanged any money; no purchase was transacted, and Frank still owns the typewriter. One day a customer purchases the typewriter at Bob’s store. Bob gives the proceeds to Frank, less an agreed-upon consignment fee for Bob's service as the seller.

Why It Matters

Consignment is a trust-based commercial arrangement from which both the consignor and the consignee can benefit.  Consignment shops are the most common example of this type of exchange. With the advent of the internet and e-commerce sites such as eBay.com, consignment has become much more common.

Source: Investing Answers

consignment

noun
How to pronounce consignment (audio)

English Language Learners Definition of consignment

: a quantity of goods that are sent to a person or place to be sold
: the act or process of sending goods to a person or place to be sold

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More from Merriam-Webster on consignment

Thesaurus: All synonyms and antonyms for consignment

Rhyming Dictionary: Words that rhyme with consignment

Spanish Central: Translation of consignment

Nglish: Translation of consignment for Spanish Speakers

Comments on consignment

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