consignment

/kɑnˈsɪndʒmənt/ kän-sinj-mənt

Definitions

1. noun

a goods or service to be sold by a merchant or dealer, typically on behalf of another person or organization, for which the merchant or dealer receives a commission

“The antique shop sells items on consignment, taking a percentage of the sale price.”

2. noun

a person or thing entrusted with responsibility or authority

“She was given the consignment of managing the company’s marketing department.”

3. verb

to entrust or give authority to (someone or something)

“The manager consigned the task to a subordinate.”

Synonyms

  • agency
  • commission

Antonyms

  • ownership
  • retention