Layaway

(redirected from layaways)
Also found in: Dictionary, Idioms, Wikipedia.

Layaway

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.

References in periodicals archive ?
At Klem's in Spencer, the store has a dedicated room for layaway items, where 50 or more separate layaways are going on this time of year.
That is really what the season is all about, if you ask me - giving selflessly, to those who may not be as fortunate or who have hit a hurdle in their lives that led them to resort to making minimum payments on layaways at discount retailers.
It gives them the opportunity to do something for their families that they may not (otherwise) be able to do," said Chad Tatum, general manager at the Gateway Mall Sears store, who declined to estimate the rate of layaways at his store.
Parents and Kids Encouraged to Pay it Forward Through the Company's Interactive Social Media Campaign, Layaway Program or by Donating in Stores and Online
During the holiday season many retailers saw an increase in sales of gift certificates and layaways.
What Wal-Mart said was that it would wait to record sales on layaway items until the consumer paid off the entire balance, not when the sale itself was posted.
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.
Retailer Offers Layaway Savings and Shop Your Way Perks Including Free Flu Shots
The cumulative effect of this change in method of accounting for layaways is reported in the net income for the period ended April 29, 2000.
18 /PRNewswire/ -- More than 10,000 consumers stood to lose over one million dollars in layaway deposits when Princess Furniture went out of business last month.
95 with hardware -- All the features of Basic, and also tracks sales orders, layaways, commissions and additional details on inventory
Enhanced Sales Order functionality eases the interface between Receipts and customer orders, layaways, special orders and gift registries.