Second-hand shops Consignment shop is an American term for second-hand shops that sell used goods for owners (consignors), typically at a lower cost than new goods. Not all second-hand shops are consignment shops. In consignment shops, it is usually understood that the consignee (the seller) pays the consignor (the person who owns the item) a portion of the proceeds from the sale. Payment is not made until and unless the item sells. Such shops are found around the world.
What is 'Time Horizon'. A time horizon is the length of time over which an investment is made or held before it is liquidated. Time horizons can range from seconds, in the case of a day trader, all the way up to decades for a buy-and-hold investor or an individual who is investing in a retirement plan.
An intermediate-term bond is one that matures not in the short-term or in the long-term. It matures in the medium term. Just what the intermediate term is, that's not as easy to define. Some say three to 10 years. Some say the intermediate term can last for 15 years. The length of time to maturity really does matter. Those who know bonds understand that the maturity date is the point at which the bond pays back the principal or face value of the bond.