consignment

This term describes the movement and ownership of goods in a commercial chain. It carries a professional, logistical tone, typically appearing in shipping manifests, legal contracts, and retail agreements. The focus is on the transition of physical items from a sender to a receiver or a third-party agent. In a retail context, it specifically refers to a risk-sharing agreement where the seller does not pay for the inventory upfront. This creates a distinct financial relationship where the supplier retains ownership of the items until the moment of sale, distinguishing it from traditional wholesale purchasing.