In page navigation

Goods on consignment

By:
Updated: Aug 20, 2021

Goods sent to an agent for sale. The agent has possession but not title, though he may be able to give a good title to a bona fide purchaser, even when acting outside his authority. The goods are ususilly returnable by the agent. who works for a commission. The venture is normally made for a limited period only.

Reference: The Penguin Business Dictionary, 3rd edt.


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.