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CONSIGNMENT

Merchandise shipped to a foreign agent or customer when an actual purchase has not been made, but under an agreement obliging the consignee to pay the consignor for the goods when sold.

The goods or property sent by a common carrier from one or more persons called the consignors, from one place to one or more persons, called the consignees, who are in another. By this term is also understood the goods sent by one person to another to be sold or disposed of by the latter for and on account of the former.

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