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.

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Attempting to grow all of your own food consigned people to "13thcentury malnutrition", he said.

It's not a good life!

The artist grants the gallery the right to exhibit and sell the works of art that the artist consigns under the agreement.

Do I really need a consignment agreement? How gallery owners and artists can preserve their partnership with a contract

Bankruptcy law allows third-party creditors of a consignee to attach consigned property in the consignee's possession when the consignee declares bankruptcy unless a consignor has acted to perfect a security interest in the consigned goods by complying with commercial law requirements.

A picture imperfect: the rights of art consignor-collectors when their art dealer files for bankruptcy

The financially troubled company used the consigned goods in manufacturing a finished product for sale.