What Is Consignment? Consignment is an arrangement in which goods are left in the possession of an authorized third party to sell. Goods sold in this way are said to be “consigned” to a third party for sale. Items sold on consignment are typically sold by consignment shops, which receive a percentage of the revenue
What Is Consignment Insurance? Consignment insurance is a type of insurance that covers loss or damage to items that are on consignment, loan, up for auction, or in the process of transfer. It is different from insurance that covers items held in-house as inventory since consignment insurance policies will pay out only if the damage or loss is incurred while
What Does It Mean to Consolidate? To consolidate (consolidation) is to combine assets, liabilities, and other financial items of two or more entities into one. In the context of financial accounting, the term consolidate often refers to the consolidation of financial statements wherein all subsidiaries report under the umbrella of a parent company. Consolidation also
What Is Consolidated Tape? Consolidated tape is an electronic system that collates real-time exchange-listed data, such as price and volume, and disseminates it to investors. Key Takeaways Consolidated tape is an electronic system that collates real-time exchange-listed data, such as price and volume, and disseminates it to investors.Through the consolidated tape, various major exchanges, including the New
What Is a Consolidated Tax Return? A consolidated tax return is a corporate income tax return of an affiliated group of corporations, who elect to report their combined tax liability on a single return. The purpose of the tax return allows for corporations that run their business through many legal affiliates to be viewed as
What Is the Consolidation Phase? The consolidation phase is a stage in the industry life cycle where competitors in the industry start to merge with one another. Companies will seek to consolidate in order to gain a larger portion of overall market share and to take advantage of synergies. Each of these items can increase
What Is a Consortium? A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium’s agreement. Every entity that is
What Is a Consortium Bank? A consortium bank is a subsidiary bank, which numerous other banks create. These banks might create a consortium bank to fund a large-scale project that is too large for one bank to complete itself, such as providing affordable homeownership for low- and moderate-income home buyers or to execute a large
What Is Conspicuous Consumption? Conspicuous consumption is the purchase of goods or services for the specific purpose of displaying one’s wealth. Conspicuous consumption is a means to show one’s social status, especially when publicly displayed goods and services are too expensive for other members of a person’s class. This type of consumption is typically associated
What are Constant Currencies? Constant currencies are exchange rates used to eliminate the effect of fluctuations when calculating financial performance numbers for publication in financial statements. Companies with overseas operations often supplement mandatory, reported figures with optional, constant currency numbers. Basically, it enables them to show investors how they performed, independently of foreign currency movements. How Constant
