Consign
Term · Law · MLC-T-LAW-001206
To deliver goods to another party for sale, storage, or shipment, while retaining ownership until a specific condition is met, such as the sale of the goods. The party receiving the goods, the consignee, acts as an agent for the consignor. This arrangement is common in retail and shipping industries.
| Identifier | MLC-T-LAW-001206 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001206",
"term": "Consign",
"field": "Law",
"definition": "To deliver goods to another party for sale, storage, or shipment, while retaining ownership until a specific condition is met, such as the sale of the goods. The party receiving the goods, the consignee, acts as an agent for the consignor. This arrangement is common in retail and shipping industries.",
"url": "https://mlchart.com/terminology/law/consign/"
}
Record 1,046 of 5,441 in Law terminology (MLC-0107). Request the full dataset.