What is Consignment?
Consignment is a business arrangement in which a business, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. Consignment businesses are typically retail stores that specialize in a particular type of consumer product.
The business accepts items for sale and agrees to pay the seller a percentage of the proceeds if and when the goods do sell.
Common products sold through consignment, or second-hand, stores...