Words / C / Law

consignment

/kənˈsaɪnmənt/

B2CEFR level
45/100Rarity: uncommon
TechnicalRegister

Law noun

An arrangement whereby goods are delivered to an agent for sale, with title remaining in the consignor until sold.

Under the consignment, the retailer held the stock but title passed only on sale to the customer.

Topic: Commercial law in Legal English

Business noun

A batch of goods shipped together, or stock held by a customer but owned by the supplier until sold.

Under consignment terms the retailer only pays us once the units actually leave the shelf.

Similar: shipment

Topic: Operations & supply chain in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Commercial law