Consignor
A consignor is an individual or business that sends goods to another party, typically for sale or distribution. This person or entity retains ownership of the items until they are sold. Consignors often work with consignment shops or online platforms, where their products are displayed and sold to customers.
In a consignment agreement, the consignor usually receives a percentage of the sale price once the item is sold. This arrangement allows consignors to reach a broader audience without the need for a physical storefront. It is a common practice in industries like fashion, art, and antiques, where unique items are often sold on consignment.