What is it called when you retail a product that is not yours and a percentage of your revenue goes to the own?

What is it called when you retail a product that is not yours and a percentage of your revenue goes to the owner of the product?

Consignment the act of consigning, which is placing any material in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of prisoners, to auction, or for sale in a store (i.e. a consignment shop).

Features of consignment are:

The relation between the two parties is that of consignor and consignee and not that of buyer and seller
The consignor is entitled to receive all the expenses in connection with consignment
The consignee is not responsible for damage of goods during transport or any other procedure.
Goods are sold at the risk of consignor. The profit or loss belongs to consignor only.
The word consignment comes from Fr. consigner "to hand over or transmit", originally from Lat. consignare "to affix a seal," as was done with official documents just before being sent.

One thought on “What is it called when you retail a product that is not yours and a percentage of your revenue goes to the own?
  1. Consignment the act of consigning, which is placing any material in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of prisoners, to auction, or for sale in a store (i.e. a consignment shop).

    Features of consignment are:

    The relation between the two parties is that of consignor and consignee and not that of buyer and seller
    The consignor is entitled to receive all the expenses in connection with consignment
    The consignee is not responsible for damage of goods during transport or any other procedure.
    Goods are sold at the risk of consignor. The profit or loss belongs to consignor only.
    The word consignment comes from Fr. consigner "to hand over or transmit", originally from Lat. consignare "to affix a seal," as was done with official documents just before being sent.References : http://en.wikipedia.org/wiki/Consignment

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