CONSIGNER Meaning and
Definition
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A consigner is an individual or entity that assigns, transfers, or entrusts goods, items, or property to another party for commercial purposes. The consigner, also known as the consignor, generally retains ownership of the goods in question, while granting the consignee the authority to sell, distribute, or otherwise handle the items on their behalf. This business relationship is commonly established through a consignment agreement or contract.
The consigner typically retains certain rights and responsibilities throughout the consignment process. These might include setting the price, determining the terms and conditions of the sale, specifying the duration of the arrangement, and stipulating any guidelines or restrictions. While the consignee takes the physical possession of the consigned goods, they usually do not assume any legal ownership or liability.
Consignment arrangements are often seen in industries such as retail, art, antiques, and fashion. They provide a beneficial way for producers, wholesalers, or individuals with excess inventory to reach broader markets and potential customers, without incurring upfront costs or the risk of unsold items. A consigner can potentially broaden their distribution channels and increase exposure, while the consignee benefits by offering a wider range of products without having to invest in inventory.
Overall, a consigner is an entity that entrusts the sale or handling of goods to another party, establishing a mutually beneficial arrangement that allows both sides to leverage their respective strengths in the marketplace.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for CONSIGNER
- xonsigner
- vonsigner
- fonsigner
- donsigner
- cinsigner
- cknsigner
- clnsigner
- cpnsigner
- c0nsigner
- c9nsigner
- cobsigner
- comsigner
- cojsigner
- cohsigner
- conaigner
- conzigner
- conxigner
- condigner
- coneigner
Etymology of CONSIGNER
The term "consigner" is derived from the French word "consigner", which means "to list" or "to record". The French word is made up of two components: "con", which is a prefix indicating "together" or "with", and "signer", which means "to sign". In its origins, "consigner" referred to the act of putting something in writing or recording information. Over time, the term evolved to specifically denote the action of entrusting or assigning goods to someone for sale or transportation, as in the context of consignment.
Similar spelling words for CONSIGNER
- consistency,
- consignment,
- consignee,
- consist in,
- consistory,
- canzoneri,
- cancioneiro,
- Consiglio,
- consistent,
- consistence,
- quinceanera,
- consignor,
- cancionero,
- consist,
- consign.
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