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Layaway
(redirected from layaways)

   Also found in: Dictionary/thesaurus, 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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Layaways must be paid in full and picked up within 30 days.
``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.
 
 
 
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