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layaway
(redirected from layaways)

    Also found in: Legal, Wikipedia 0.03 sec.
lay·a·way  (l-w)
n.
1. A payment plan in which a buyer reserves an article of merchandise by placing a deposit with the retailer until the balance is paid in full: bought a suit on layaway.
2. An article reserved under such a plan.


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``When times are tougher, and the economy is not as good, you'd expect to see layaways increase as people look for alternative ways to finance their purchases,'' Goldenberg said.
SHOPPERS KEEP LAYAWAY ALIVE by Daily News (Los Angeles, CA)
Wal-Mart found that out in mid-August when, in announcing its second-quarter earnings, it said it planned to revise its accounting practices for consumer layaways.
Minor Change, Big Impact by Marshall, Jeffrey / Financial Executive
As a final point, for those companies that have recognized gift certificates and layaways as income, a tax deduction should be available when escheat payments are made to a particular state.
Tax planning for gift certificates, layaways and store credits by Abahoonie, Edward J. / The Tax Adviser
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