consignment

Consignment is a process whereby a person gives permission to another party to take care of their property while retaining full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a consignment store. The owner of the goods pays the third party a portion of the sales price for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set time limit (usually 60–90 days) at which an item's availability for sale expires.

Consignment stock is stock legally owned by one party but held by another, meaning that the risk and rewards regarding it remain with the first party while the second party is responsible for distribution or retail operations.