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Meaning & use

consignment invoice

noun·Advancedbusiness

Last updated

UK/kənˈsaɪnmənt ˈɪnvɔɪs/
US/kənˈsaɪnmənt ˈɪnvɔɪs/

Meaning

  1. nouncountablebusiness

    A document listing goods sent to an agent or retailer to be sold on the sender's behalf, with payment due only after sale.

    Grammar: Countable; can be used with 'a' or in the plural: issue a consignment invoice.

    Patterns

    • issue a consignment invoice
    • send a consignment invoice
    • a consignment invoice for goods

    The supplier sent a consignment invoice along with the shipment of handmade jewelry.

    Please prepare a consignment invoice for the artwork we are sending to the gallery.

    The retailer received the goods but did not pay until a consignment invoice was settled after the sale.

Word forms

pluralconsignment invoices

Common combinations

issue a consignment invoice
The company will issue a consignment invoice once the goods are shipped.
consignment invoice for
We need a consignment invoice for the products sent to the agent.
receive a consignment invoice
The retailer received a consignment invoice with the delivery.
consignment invoice number
Please quote the consignment invoice number in all correspondence.

Synonyms and how they differ

consignment note
A consignment note is a document that accompanies goods during transport, while a consignment invoice is a financial document for goods sold on consignment.
proforma invoice
A proforma invoice is a preliminary bill sent before goods are shipped; a consignment invoice is used when payment depends on sale.

Word family

consign verb
To send goods to someone to be sold on your behalf.
consignment noun
A shipment of goods sent for sale on behalf of the owner.
consignor noun
The person or company that sends goods on consignment.
consignee noun
The person or company that receives goods on consignment.

Commonly confused: consignment invoice or consignment note? consignment invoice or sales invoice?

consignment invoice vs consignment note

A consignment note is a transport document listing goods being shipped, not a demand for payment.

consignment invoice vs sales invoice

A sales invoice is issued when goods are sold outright and payment is due immediately or within agreed terms; a consignment invoice is used when payment is delayed until the goods are sold.

Practice

When is payment typically due on a consignment invoice?

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