2006-09-17 13:20:34 · 6 answers · asked by artig 1 in Business & Finance ➔ Credit
It means they 'lay away' an item you want until you have paid for it.
Sort of a installment pay plan, where you get the item 'after' you have paid for it.
2006-09-17 13:22:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
layaway is you get what you want and they take about 10-15% down of the total, depending on where you are at, and then you have to pay a certain amount each week or month to pay it off. Most places it's about 2-3 months max t pay it off then you can get your stuff. If you don't make the payment then they keep what you put down plus their fees, put your stuff back and you keep what you already paid towards it.
2006-09-17 20:33:07 · answer #2 · answered by peg 5 · 0⤊ 0⤋
That's where you put an item away on a payment plan.
Say it's a TV...you put like $100 down and they put it away, and you make payments on it every week or two weeks and when it's paid off, you get it.
Generally, there is no interest.
2006-09-17 20:22:21 · answer #3 · answered by Dolphin lover 4 · 2⤊ 0⤋
A store holds on to a piece of merchandise for you and you pay for it a little at a time. When you pay it off, you get to take it home. HOORAY ! :D
2006-09-17 20:29:20 · answer #4 · answered by S.A.M. Gunner 7212 6 · 0⤊ 0⤋
Its for when you want to buy something but you don't have enough oney or credit now. So they store it for you, maybe someday you have enough and still want it, maybe not.
2006-09-17 20:22:55 · answer #5 · answered by kurticus1024 7 · 0⤊ 0⤋
a store keeps and item for you and doesn't sell it while you continue to pay for it
once paid for, it's yours to take home.
2006-09-17 20:28:29 · answer #6 · answered by OU812 5 · 1⤊ 0⤋