Concession vs. Consignment — What's the Difference?
By Tayyaba Rehman — Updated on August 24, 2023
Concession is a grant or privilege given, while consignment is the act of consigning goods to another for sale.
Difference Between Concession and Consignment
Table of Contents
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Key Differences
Concession refers to a special allowance or privilege granted, often in negotiations or discussions. For instance, in business negotiations, one party might make a concession to the other to reach an agreement. Consignment, on the other hand, involves giving goods to another party to sell, but the title remains with the consignor until the goods are sold.
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Aug 24, 2023
In the retail sector, concession might mean a space or a counter in a department store where a brand rents a space to sell its products. Consignment in retail would mean a brand gives its products to the store, and the store sells them on their behalf, paying them after the sale.
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Aug 24, 2023
Concession can also indicate a reduction in price or fee, given especially to certain groups. For instance, seniors might get a concession at the cinema. In contrast, consignment does not deal with price reductions but rather with an arrangement of selling products on behalf of someone.
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Aug 24, 2023
Concession is often used in politics and diplomacy, indicating a compromise where one party gives up part of its demands. Consignment, conversely, doesn’t find its application in such scenarios. Its usage is predominantly tied to the trade and sales sector.
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Aug 24, 2023
While both concession and consignment can be linked to business, their meanings and applications are distinct. Concession revolves around privileges, compromises, and allowances, whereas consignment pertains to an agreement of selling goods on behalf of another.
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Aug 24, 2023
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Comparison Chart
Definition
A grant or privilege given.
The act of consigning goods for sale.
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Use in Retail
Renting space in a store for a brand's products.
Giving products to sell on behalf of a brand.
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Price Implication
May involve a reduction in price or fee.
Doesn’t imply price reduction.
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Political Usage
Indicates compromise in demands.
Not used in political contexts.
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Ownership
Does not involve transfer of goods.
Title remains with consignor until sale.
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Definitions
Concession
A compromise made during negotiations.
The two parties reached an agreement after several concessions.
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Consignment
A batch of goods destined for the same endpoint.
The consignment for the charity event will be sent next week.
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Concession
A special privilege or right granted to a person or group.
He was given the concession to operate the food stall.
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Consignment
An agreement to pay a supplier of goods after the goods are sold.
They have a consignment agreement with several local artisans.
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Concession
A reduction in price or fee for certain groups.
Students get a concession at the museum.
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Consignment
The act of transferring goods to be sold by another party.
She sent her artwork on consignment to the gallery.
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Concession
A space in a store where a brand sells its products.
The designer has a concession in the upscale department store.
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Consignment
Goods sent by one person to another for sale.
The consignment of clothes arrived at the store today.
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Concession
A preferential allowance or rate given by an organization
Tax concessions
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Consignment
Consignment involves selling one's personal goods (clothing, furniture, etc.) through a third-party vendor such as a consignment store or online thrift store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale.
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Concession
(rhetoric) An admission of the validity of an opponent's point in order to build an argument upon it or to move on to another of greater importance; an instance of this.
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Consignment
A shipment of goods sent for sale.
We received a large consignment of electronics.
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Concession
(by extension) Any admission of the validity or rightness of a point; an instance of this.
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Consignment
A batch of goods destined for or delivered to someone
A consignment of drugs
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Concession
A gift freely given or act freely made as a token of respect or to curry favor.
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Concession
An admission or acknowledgment in an argument.
In the debate, he made a concession about the opposing view's validity.
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Concession
A thing that is granted, especially in response to demands
The government was unwilling to make any further concessions
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Concession
The right to use land or other property for a specified purpose, granted by a government, company, or other controlling body
New logging concessions
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Consignment
A collection of goods to be sent, in transit or having been sent.
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Concession
Something, such as a point previously claimed in argument, that is later conceded.
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Consignment
The sale of one's own goods (clothing, furniture, etc.) through a third-party vendor, in exchange for a portion of the sale price, and with the consigner retaining ownership of the goods until they are sold or abandoned.
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Concession
A grant of a tract of land made by a government or other controlling authority in return for stipulated services or a promise that the land will be used for a specific purpose.
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Concession
The privilege of maintaining a subsidiary business within certain premises.
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Consignment
The act of consigning or sending property to an agent or correspondent in another place, as for care, sale, etc.
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Consignment
That which is consigned; the goods or commodities sent or addressed to a consignee at one time or by one conveyance.
To increase your consignments of this valuable branch of national commerce.
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Concession
The business itself
There was an ice cream concession in the subway station.
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Concession
A snack, drink, or other food sold at a concession
Bought concessions at halftime.
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Consignment
The official act of consigning a person to confinement (as in a prison or mental hospital)
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Concession
Land granted by an authority for some specific purpose, particularly: township
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Concession
A privilege granted by an authority, especially to conduct business on favorable terms within certain conditions and particularly:
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Concession
An item sold within a concession (see above) or from a concessions stand.
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Concession
The act of conceding or yielding; usually implying a demand, claim, or request, and thus distinguished from giving, which is voluntary or spontaneous.
By mutual concession the business was adjusted.
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Sep 20, 2019
Concession
A thing yielded; an acknowledgment or admission; a boon; a grant; esp. a grant by government of a privilege or right to do something; as, a concession to build a canal.
This is therefore a concession, that he doth . . . believe the Scriptures to be sufficiently plain.
When a lover becomes satisfied by small compliances without further pursuits, then expect to find popular assemblies content with small concessions.
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Sep 20, 2019
Concession
A contract granting the right to operate a subsidiary business;
He got the beer concession at the ball park
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Concession
A point conceded or yielded;
They won all the concessions they asked for
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FAQs
What does concession mean?
Concession refers to a special right, privilege, or compromise in negotiations.
Tayyaba Rehman
Aug 24, 2023
What is consignment?
Consignment is the transfer of goods to be sold, where ownership remains with the supplier until sold.
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Aug 24, 2023
Can a concession involve multiple parties?
Yes, a concession can involve multiple parties like governments, organizations, or individuals.
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Who are the parties involved in consignment?
Consignment typically involves two parties: the consignor (supplier) and the consignee (retailer).
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Is a concession always a compromise?
Not always, it can also mean a special right or privilege granted, or a retail space within a store.
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Do goods on consignment belong to the retailer?
No, ownership remains with the supplier until the goods are sold.
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Can concession refer to a physical space?
Yes, in retail, a concession can refer to a small retail space within a larger store.
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Can concession be related to fees or charges?
Yes, a concession may involve a reduction in fees or charges.
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Aug 24, 2023
Is consignment only applicable to business and retail?
While it's most common in business and retail, consignment can also be seen in other contexts like art galleries.
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Aug 24, 2023
How does payment work in consignment?
Payment is made to the supplier after the goods are sold.
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Aug 24, 2023
Author Spotlight
Written by
Tayyaba RehmanTayyaba Rehman is a distinguished writer, currently serving as a primary contributor to askdifference.com. As a researcher in semantics and etymology, Tayyaba's passion for the complexity of languages and their distinctions has found a perfect home on the platform. Tayyaba delves into the intricacies of language, distinguishing between commonly confused words and phrases, thereby providing clarity for readers worldwide.
