To provide goods or property to another party for sale, part of the proceeds which will be paid to the provider of the goods. Also another term for giving goods to another party for storage or care. See consignment.
Law Dictionary – Alternative Legal Definition
In the civil law. To deposit in the custody of a third person a thing belonging to the debtor, for the benefit of the creditor, under the authority of a court of justice. Poth. Obi. pt 3, c. 1, art 8. In commercial law. To deliver goods to a carrier to be transmitted to a designated factor or agent Powell v. Wallace, 44 Kan. 656, 25 Pac. 42; Sturm v. Boker, 150 U. S. 812, 14 Sup. Ct 99, 37 L. Ed. 1093; Ide Mfg. Co. v. Sager Mfg. Co., 82 111. App. 685. To deliver or transfer as a charge or trust; to commit intrust give in trust; to transfer from oneself to the care of another; to send or transmit goods to a merchant or factor for sale.