consignment acceptance
[kən-ˈsīn-mənt ik-ˈsep-təns]
nounpl: consignment acceptances
aceite de consignação
1. The formal act of receiving and acknowledging goods sent by a supplier or manufacturer, with the recipient agreeing to sell them on behalf of the sender, typically without immediate payment
The retailer signed the consignment acceptance form upon receiving the shipment of electronic devices.
O varejista assinou o formulário de aceite de consignação ao receber o carregamento de dispositivos eletrônicos.
2. The documentation or receipt confirming that goods have been received under a consignment arrangement
The consignment acceptance receipt indicated that 500 units were delivered in good condition.
O recibo de aceite de consignação indicou que 500 unidades foram entregues em bom estado.
In Brazil, consignment acceptance is a common practice in retail, particularly for small businesses working with larger suppliers. The formal documentation is essential for legal and tax purposes. In the USA, this practice is prevalent in bookstores, fashion retail, and art galleries. The acceptance document serves as proof of delivery and is crucial for inventory tracking and financial reporting.
Related Idioms & Phrases
sign off on consignment acceptance
consignment acceptance procedure
consignment acceptance checklist
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