A shipment that is held by the importer until the merchandise has been sold is called:
A)advance payment.
B)confirmed irrevocable letter of credit.
C)unconfirmed irrevocable letter of credit.
D)open account.
E)consignment.

Question

Quizplus · Accepted Answer

Consignment refers to a shipment of goods that is sent to an agent or importer, who holds the goods until they are sold. The ownership of the goods remains with the sender until the goods are sold.

A Shipment That Is Held by the Importer Until the Merchandise