Consignments
/kənˈsaɪnmənts/
Definitions
- (n.) Batches of goods delivered by a consignor to a consignee for sale or safekeeping under a contract of consignment.
The company delivered several consignments of electronics to the retailer last week.
Related terms
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Commentary
In legal contexts, 'consignments' refer specifically to goods transferred under a consignment agreement, distinguishing these from outright sales or transfers of ownership.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.