CONSIGNMENT

consignment (k[schwa]n-sIn-m[schwa]nt). 1. The act of consigning goods for custody or sale. — Also termed (archaically) consignation. [Cases: Factors 5.] 2. A quantity of goods delivered by this act, esp. in a single shipment. 3. Under the UCC, a transaction in which a person delivers goods to a merchant for the purpose of sale, and […]