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layaway
(redirected from layaways)

   Also found in: Legal, Wikipedia 0.01 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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The company said expenses to advertise and discount products to woo cautious consumers will hurt its performance in the quarter, as will a large increase in layaways.
Layaways must be paid in full and picked up within 30 days.
Among Walking Bird's other products is a "flagtag" for layaways, special orders, and other "hold situations," likewise sequentially numbered with space to record merchandise ordered and payments made.
 
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