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consignment definition - finance
An agreement by a retailer to sell merchandise owned by another person or corporation (the consignor). No payment is made to the consignor until the merchandise is actually sold. Unsold items are returned to the consignor.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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