Difference Between Joint Venture and Consignment: Learning Objectives: What is the difference between joint ventures and consignment? Parties: In joint venture, parties to the agreement are known as co-venturers while in consignment they are termed as consignor and consignee. Compensation: Co-venturers are the partners
Compensation means the act or state of compensating. Compensation is the state of being compensated. Compensation means something given or received as an equivalent for services, debt, loss, injury, suffering, lack, etc.