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Devolution and Consignment

noun

  • The process of declining from a higher to a lower level of effective power or vitality or essential quality.
  • The delegation of authority (especially from a central to a regional government. ).

DEVOLUTION is the delegation of authority from higher to lower levels.

noun

1. Adjective - Goods or inventory that are held by a selling agent, wholesaler, or reseller until the goods are either sold or returned to the seller. 2. Verb - The physical transfer of goods from a seller/consignor who retains title to a consignee who acts as a selling agent.