consign

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consign

v. 1) to deliver goods to a merchant to sell on behalf of the party delivering the items, as distinguished from transferring to a retailer at a wholesale price for re-sale. Example: leaving one's auto at a dealer to sell and split the profit. 2) to deliver to a carrier to be taken to an agent of the sender. 3) when a debtor has belongings but no money to pay his/her creditors and deposits his/her goods with a trustee who will sell them to raise money to pay the owner's debts and creditors. This is done by agreement between a debtor and his/her creditors or by order of a bankruptcy judge.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
volunteers who help our consignors and shoppers to and from their cars with large items."
In a consignment transaction, the seller, known as the consignor, retains title to the goods that were delivered to a prospective purchaser, the consignee, The consignor and consignee are frequently parties to a consignment agreement that contains the terms of the consignment arrangement.
The consignor has owned it therefore for some 15 years since then and has even lent it to several public museum exhibits.
Keywords: movable property, consignor, consignee, commission, mandate without representation.
These periodic, short-term consignment events have featured some 1,200 consignors and utilized the services of roughly 200 volunteers.
Its mission was to create a market "where a woman can send a pie, if she can make a good one, even though she cannot paint a good picture; or a basket of eggs if she cannot decorate china." And so it was that pies as well as needlework, knitted mittens, socks, embroidered items, stuffed animals, and other handicrafts brought in nearly $14,000 in commissions to consignors in the first year of the New York exchange's operation.
Consignors may shop that day starting at 11 a.m., and new parents - anyone who's expecting or planning to adopt, or has had a baby in the home less than a year old - may come in at 2 p.m.
The sales, which have been going since the 1830s and now attract 500-600 consignors from all over the UK and Ireland, is the biggest ram-only sale in Europe.
The precarious position of the Berry-Hill and Salander consignors in bankruptcy resulted from the curious treatment of consigned goods in bankruptcy.
In September, Adkins purchased special consignment software designed to help store owners and consignors tag items and keep track of inventory.