Consignment

Consignment

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.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Commodity exchange
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Related terms

consignment

Retail; Supermarkets

Items offered for sale on a cash or short-term credit basis. See commission merchant; guaranteed sale.

consignment

Accounting; Auditing

Transfer of possession but not title to goods. Title stays with the consignor, while the consignee has possession.

consign

Education; SAT vocabulary

To entrust.

consignment

Financial services; Commodity exchange

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. ...

consignment

Economy; International economics

1. Something that is put into the care of another, as when a batch of traded goods is consigned to a shipper for transport to another location. 2. A method of marketing in which ...

margin

Financial services; Commodity exchange

Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers' open futures and options contracts. Clearing margins are ...

back pricing

Financial services; Commodity exchange

Fixing the price of a commodity for which the commitment to purchase has been made in advance. The buyer can fix the price relative to any monthly or periodic delivery using the ...

cost of carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carrying charge

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

foreign exchange

Financial services; Commodity exchange

Foreign Currency. On the foreign exchange market, foreign currency is bought and sold for immediate or future delivery.

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