Consignment

What is Consignment?

Consignment meaning A shipment made by a producer or dealer to an agent elsewhere with the understanding that the commodities in question will be cared for or sold at the highest obtainable price. Title to the merchandise shipped on consignment rests with the shipper until the goods are disposed of according to agreement.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary

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