Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Consignment
Consignment is the name used within the retail industry that describes the sale of goods by retail establishments of merchandise that has been received on a good faith basis, from consumers or vendors that will accept payment for their goods when the item is actually sold to another consumer.
Consignor Net Split
This is usually a pre-agreed percentage amount of money that a consignor receives from the final sale price of thsir consigned goods when sold. Normal entry format is "50.00" for fifty percent.