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TeachMeFinance.com - explain Consignment consignment -- the act of entrusting goods to a dealer for sale, but retaining ownership of them until sold. The dealer pays the seller only when and if the goods are sold. another definition... Consignment -- 1. Goods or property sent by the aid of a carrier from one person (the consignor) to another (the consignee). 2. Entrusting of goods to another to sell as agent for the sender. historic definition... Consignment -- The designation for goods forwarded which are to be sold by the receiver of them (who is the consignee) for the benefit of the owner (who is the consignor). Merchants or manufacturers who wish to introduce goods in a market often send a consignment and the goods are sold at the best price they will command in order to bring them to the attention of buyers. The term also is commonly applied to any shipment of goods. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.