what does buying on consignment mean?

Asked by Soaka06, Hicksville, NY Fri Jul 13, 2012

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Lynn Pisani, Agent, Garden City, NY
Sat Jul 14, 2012
When buying something on consignment means you are holding that item for useage as agreed by the owner of item but you didn't actually exchange money. There is usually a trial period to see if you like the value of that item. You then have the option after an agreed upon time to either buy item for its value or return it to the rightful owner.
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Anna M Brocco, Agent, Williston Park, NY
Sat Jul 14, 2012
Consignment is the act of placing material items in someone's hands, but ownership is retained until those material items are sold.
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