Consignor (Noun)
Meaning
The person who delivers over or commits merchandise.
Classification
Nouns denoting people.
Examples
- The auction house's terms stated that the consignor would receive 70% of the sale price for each item sold.
- The gallery acted as the consignor's agent, taking a commission on each painting that was sold.
- According to the contract, the consignor was responsible for paying any storage fees if the goods were not sold within six months.
- As the consignor, Emily was responsible for transporting the merchandise to the exhibition hall on the day of the sale.
- The terms of the agreement required the consignor to warrant that the goods being sold were authentic and of the described quality.