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View synonyms for layaway plan
layaway plan
noun
- a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance.
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Word History and Origins
Origin of layaway plan1
First recorded in 1970–75
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Example Sentences
Traditional layaway plans may charge an upfront fee but are typically interest-free and don’t involve borrowing money as customers are simply making payments on items the store is holding for them.
From Time
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