a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance.
- Also called will-call.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use layaway plan in a sentence
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.'Buy Now, Pay Later' Apps Are Taking Over Holiday Shopping Season. Here's What to Know About the Risks | Megan McCluskey | November 22, 2021 | Time