consignment sale |
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Definition
Trading arrangement in which a seller sends goods to a buyer or reseller who pays the seller only as and when the goods are sold. The seller remains the owner (title holder) of the goods until they are paid for in full and, after a certain period, takes back the unsold goods. Also called sale or return. See also guaranteed sale.
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consignment sale is in the Banking, Commerce & Finance subject.
consignment sale appears in the definitions of the following terms: sale or return, goods on consignment and consignment
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