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commission merchants


Identification code: 300136405



Related term/s

Alternative term/s

  • commission merchant
  • commission merchant's
  • commission merchants'
  • factors
  • merchants, commission

Anotations

Scope note:

Limited function wholesalers who take custody of but not legal ownership of the goods handled as part of a business transaction. They are paid either directly by the owner or by a share of the sale proceeds. Distinct from "brokers" in that they take the actual physical possession of the goods while brokers do not.

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