Layaway

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Dictionary Says

Definition of 'Layaway'

A purchasing method that allows a consumer to put a product on hold by placing a deposit on the item. Layaway allows the customer to make smaller payments on the product until the purchase price is paid in full, rather than paying for the item with credit and adding interest to the cost. A layaway plan ensures that the chosen merchandise will be in stock and ready for pick-up when the final payment is made.
Investopedia Says

Investopedia explains 'Layaway'

This method works for consumers who have a limited amount of disposable income and are unable to make larger purchases all at once. It also works to retailers' advantage by allowing them to offer products to lower-income customers. Layaway can also be used as a savings plan; because the customer has already made a commitment to purchase the product on layaway, he or she can not give in to temptation to spend the money elsewhere.
Search results for

'Layaway'

  • Should You Use Layaway? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/Should-You-Use-Layaway.aspx
    ... Should You Use Layaway? ... Once stores began offering their own charge cards and credit
    plans in the 1980s, layaway fell by the wayside at most stores. ...

  • Layaway Plans: Get The Goods Without Going Into Debt

    http://www.investopedia.com/articles/pf/08/layway-plan.asp
    If using a layaway plan keeps you from having to use your credit card, it could
    be a smart move. ... Layaway Plans: Get The Goods Without Going Into Debt. ...

  • How can I use layaway plans for budgeting?

    http://www.investopedia.com/ask/answers/08/layaway-for-budgeting.asp
    Layaway plans are a way to buy larger items without having to come up with the entire
    cost at once, and without paying the exorbanant interest fees. ...

  • Investopedia

    http://www.investopedia.com/ask/ViewFAQPrintable.aspx?url=%2fask%2fanswers%2f08%2flayaway-for-budgeting.asp
    How can I use layaway plans for budgeting? ... Many stores will even allow you
    to put an item into layaway with no fees. Obviously, the ...

  • What The 2011 Holiday Season Meant For Retailers - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0112/What-The-2011-Holiday-Season-Meant-For-Retailers.aspx
    ... Layaway, a once nearly extinct idea based on allowing cash- and credit-strapped
    consumers to "hold" their purchases for a small fee and series of payments ...

  • Taxes Frequently Asked Questions | Investopedia

    http://www.investopedia.com/ask/taxes
    ... mistake. View Answer; How can I use layaway plans for budgeting? View Answer; ... much ...
    Read More »; How can I use layaway plans for budgeting? ...

  • Taxes Frequently Asked Questions | Investopedia

    http://www.investopedia.com/ask/taxes/
    ... mistake. View Answer; How can I use layaway plans for budgeting? View Answer; ... much ...
    Read More »; How can I use layaway plans for budgeting? ...

  • Holiday Hope For Hasbro

    http://stocks.investopedia.com/stock-analysis/2009/Holiday-Hope-For-Hasbro-HAS-MAT-SHLD-WMT-TGT-MVRL-DIS1022.aspx
    ... And layaway, which made a comeback last year at Sears (Nasdaq: SHLD), is
    starting to make headlines again. Toys "R" Us is already ...

  • Financial Theory Frequently Asked Questions | Investopedia

    http://www.investopedia.com/ask/financial-theory
    ... View Answer; How can I use layaway plans for budgeting? View Answer; ... Read More »;
    How can I use layaway plans for budgeting? Read More »; ...

  • Financial Theory Frequently Asked Questions | Investopedia

    http://www.investopedia.com/ask/financial-theory/
    ... View Answer; How can I use layaway plans for budgeting? View Answer; ... Read More »;
    How can I use layaway plans for budgeting? Read More »; ...

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