Legal Definitions - consignator

Definition: A consignator is a person who is authorized to accept delivery of money from a debtor if a creditor refuses to accept it. Consignation is the act of a debtor delivering money to an authorized third party after the creditor refuses to accept the payment. A valid consignation discharges the debtor.

For example, if a debtor owes money to a creditor and tries to pay the debt, but the creditor refuses to accept the payment, the debtor can give the money to a consignator who is authorized to accept the payment on behalf of the creditor. This is called consignation.

Another example is when a consignor sends goods to a consignee for sale. The consignee is authorized to sell the goods and pay the consignor a percentage of the sale price. In this case, the consignor is the person who sends the goods, and the consignee is the person who receives them.

These examples illustrate how a consignator can act as an intermediary between a debtor and a creditor, or between a consignor and a consignee, to facilitate the payment or sale of goods.