Consignor definition
/What is a Consignor?
A consignor is an entity that delivers goods to a carrier, for subsequent delivery to a third party (the consignee). The consignor retains legal ownership of the goods until the consignee pays for them, while the consignee acts as the agent for the consignor. The consignee is responsible for selling the goods on behalf of the consignor. Thus, the inventory held at the consignee location is still the property of the consignor until such time as the consignor is paid.
Terms Similar to Consignor
A consignor is also known as a shipper or sender.