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1.
To give over to the care of another; entrust.
To deliver (merchandise, for example) for custody or sale.

in other words cossimy,or spot or front merchandise
"Number ten: a strong word called consignment
Strictly for live men, not for freshmen
If you ain't got the clientele say hell no
Cause they gon want they money rain sleet hail snow" -Notorious "Ten Crack Commandments"
by Bill March 10, 2005
 
2.
when you and your friends get so fucked up that you dont know what you are talking about, so you say funny words. for example... consignment
Enter the consignment (remove the hand break and role up the road in a carstart driving up the road.)
by Nick June 22, 2004