Consignment

This Issue in United States

Concept of Consignment in Futures Trading

In this context of financial law, the following is a definition of Consignment: A shipment made by a producer or dealer to an agent elsewhere with the understanding that the commodities in question will be cared for or sold at the highest obtainable price. Title to the merchandise shipped on consignment rests with the shipper until the goods are disposed of according to agreement.