Consignor and Consignee are used in the context of consignment where the consignor sends the goods for sale to the consignee. It is important to know the meaning of both consignor and consignee before learning about consignment
Consignor means or refers to a person to whom the goods belong; he or she is the owner of the goods while consignee means or refers to person to whom the goods are sent and who in turn sells the goods to third parties. In simple words consignee is the agent of consignor who sell goods on his or her behalf.