Meaning of “consignment account” in the English Dictionary


"consignment account" in Business English

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consignment accountnoun [ C ]

uk us

COMMERCE an account for goods that is sent to a person or company that is not the owner but is responsible for selling them or returning them to the owner if they are not sold:

The value of the goods that are sent on consignment are charged to the consignment account.

(Definition of “consignment account” from the Cambridge Business English Dictionary © Cambridge University Press)