Consignee

A retailer that accepts merchandise belonging to a third party. The retailer agrees to try to sell the merchandise in his place of business for a commission.

Even though the merchandise is physically in his store, the retailer does not count it as an asset on the books. When the merchandise is sold, the sales price less retailer commission is a liability for the retailer until the money is sent to the consignor.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/consignee/