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Layaway

   Also found in: Dictionary/thesaurus, Idioms, Wikipedia 0.01 sec.

An agreement between a retail seller and a consumer that provides that the seller will retain designated consumer goods for sale to the consumer at a specified price on a future date, if the consumer deposits with the seller an agreed upon sum of money.



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If you're buying on layaway, get the store's layaway policy in writing.
The company led by hedge fund financier Edward Lampert has launched a major campaign to win over holiday shoppers _ with measures like its new Christmas Club cash savings card good at Sears and Kmart stores _ and capitalize on last year"s successful holiday layaway program.
There is also a large amount of layaway business allready taken that would transer to buyers.
 
 
 
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