A more thorough explanation:

Consignment is a type of contract where the owner of goods, called the consignor, delivers the goods to another person, called the consignee, for the purpose of selling them. The consignee takes care of the goods and sells them, but the consignor still owns the goods until they are sold. After the sale, the consignee pays the consignor a certain amount of money from the sale proceeds.

For example, if a person wants to sell their artwork but doesn't have a gallery, they can consign their artwork to a gallery. The gallery will display the artwork and sell it to customers. Once the artwork is sold, the gallery will pay the artist a percentage of the sale price.

Under the Uniform Commercial Code, consignment is a transaction where a person delivers goods to a merchant for sale, and the merchant is required to operate under a name other than that of the consignor. The minimum value of each delivery must be $1,000.

In a carriage contract, consignment means the delivery of goods by a carrier to a named receiver. The consignor is the person who sends the goods, also known as the shipper or sender. The consignee is the person who receives the goods, also known as the receiver.

Consignment can also refer to a contract where someone else is entrusted to store the goods. The person who entrusts the goods is the consignor, and the person who accepts the entrustment is the consignee.

Overall, consignment is a way for people to sell their goods without having to do all the work themselves. They can entrust their goods to someone else who will take care of them and sell them for a commission.