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Consignment is the act of consigning, the act of giving over to another person or agent's charge, custody or care any material or goods but retaining legal ownership until the material or goods are sold. That may be done for the purpose of shipping the goods, transferring the goods to auction or intending the goods to be placed on sale in a store (a consignment store).
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".

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  1. CountryGent

    What would you consider reasonable for a firearms consignment?

    So, I have all the paperwork filed (local, state, and federal) to become licensed as an 01FFL. (And am now playing the waiting game, which I have on good authority sucks.) I'm planning various ways to make said side business worth bothering engaging in. One that crossed my mind is handling...
  2. raftman

    Who sells on consignment these days?

    This is something I used to do all the time when my favorite local shop was still in business. It was convenient, usually very quick (most of my guns sold in less than a week), and pretty good at getting my money's worth; if memory serves the shop only wanted a 10% cut of the final sale price...
  3. J&B Firearm Sales Inc.

    New & Consignment Firearms! Windham AR15s, VEPR-12s, HK MK23, Kimbers, SVT-40, CZs & more!

    We've had a lot of new and used firearms coming in lately, here's a small selection - and as always if there's anything you're looking for but don't see just let us know and we'll see if we can source one! First - some firearms not pictured: - 2x Glock 19 Gen 4s FDE frame - $549.00 each - Glock...
  4. J&B Firearm Sales Inc.

    New Consignment Firearms - Colt 1903, Colt Trooper MK III, Various Mausers, Kimber Desert Warrior!

    We've had a lot of new and consignment guns come in, here's a small selection! Aside from the pictured firearms we also have - CZ Scorpions - Kel-Tec KSGs - Vicker's Tactical Glock 19s! IWI Galil ACE SAR: $1,749.00 Savage Model 12 .223 Remington: $699.00 (Used) Colt 1903 32ACP: $449.00...
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