layaway plan


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lay′a•way plan`

(ˈleɪ əˌweɪ)
n.
a method of purchasing by which an item is reserved by the store until the customer has completed payments, usu. made monthly.
[1970–75]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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General admission three-day passes will cost $399 (Dh1,465), the same as they have in recent years, and again will be available through the festival's layaway plan for those who don't wish to pay the full amount up front.
Kmart is reprising its no-money-down layaway plan. And Amazon is adding 100,000 seasonal employees, mostly for its 50 fulfillment centers and 20 sorting facilities nationwide, to make sure holiday gifts get to their destination on time.
They raised $735.4 million for their general fund and have a 20-year layaway plan to pay it all back.
The world s largest dedicated toy retailer boosted its presence on social networking sites like Facebook and offered shoppers a layaway plan to buy holiday gifts.
A layaway plan can be 2-6 months long, with a maximum of 13 payments.
They'll also use debit cards instead of credit cards, and the once considered obsolete layaway plan is likely to enjoy a comeback.
The Wall Street Journal and others say that the humble layaway plan is regaining popularity with a cash-strapped, debt-hobbled public.