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layaway plan

a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance.
Also called will-call.
Origin of layaway plan
1970-75 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for layaway plan
  • Unfortunately, there are some problems you can experience if your understanding of the layaway plan is not up to speed.
  • First, get all the details about the retailer's layaway plan in writing before you shop.
  • When retailers hold merchandise on a layaway plan at a customer's request, they are performing a service.
  • Unlike gift cards, the merchandise sold under a layaway plan is usually identifiable before the customer takes possession.

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