Definitions for Consigned
con·signed

WikipediaRate this definition:0.0 / 0 votes

1. consigned

   Consignment is a process whereby a person gives permission to another party to take care of his property and retains full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a consignment store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set day limit before an item expires for sale. Within the time of contract, reductions of the price are common to promote the sale of the item, but vary on the type of item sold (usually depends on the price point, or if it is considered luxury.)(usually 60–90 days). Consignment stock is stock legally owned by one party, but held by another, meaning that the risk and rewards regarding to the said stock remains with the first party while the second party is responsible for distribution or retail operations.The verb "consign" means "to send" and therefore the noun "consignment" means "sending goods to another person". In the case of "retail consignment" or "sales consignment" (often just referred to as a "consignment"), goods are sent to the agent for the purpose of sale. The ownership of these goods remains with the sender. The agent sells the goods on behalf of the sender according to instructions. The sender of goods is known as the "consignor" and the agent entrusted with the custody and care of the goods is known as the "consignee".

Webster DictionaryRate this definition:2.5 / 2 votes

1. Consigned

   of Consign

Anagrams for Consigned »

1. seconding

2. encodings

How to pronounce Consigned?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Consigned in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Consigned in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of Consigned in Pythagorean Numerology is: 9

Examples of Consigned in a Sentence

1. Corazn Cojuangco Aquino:

   It is not I who have been consigned to the bedroom of history.

2. Ken Goldin:

   People used to make jokes about auctioning off jockstraps as an example of something outrageous, here we got one consigned for sale.

3. Nicholas Chow:

   A lot of collectors in Asia are still consigned to one area of collecting, such as Chinese painting, and with 'Curiosity,' we're trying to promote a more eclectic style of collecting and encourage collectors to be more sensitive to antiquities, say, or African art.

4. House Speaker Paul Ryan:

   This rule should be struck down permanently before coal country is destroyed completely, and American consumers are consigned to higher energy prices, great news for Wyoming American energy. Republicans will do what we can to keep this rule permanently blocked.

5. Victor Suarez:

   The PFC payment will not be made this weekend, the PFC payment was not consigned.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Consigned
2. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/Consigned