layaway
Pay-while-waiting plan
Layaway is a retail purchasing arrangement where a store holds an item while the customer pays for it in installments over time, only releasing the merchandise once it's fully paid off.
The practice was common before credit cards became widespread and has seen revivals during economic downturns.
We put the television on layaway for Christmas.
The term can function as a noun or adjective: layaway plan, layaway department.
Retail establishment
- merchandiseCommercial products offered
- shoppingAcquiring goods at retailers
- purchaseGoods obtained for payment
- retailSales to end users
consumer · Kmart · Walmart · checkout · catalog · holiday · Christmas · back-to-school
Periodic partial payment
- downpaymentInitial payment toward purchase
- balanceSteadiness or amount owed
- termsConditions of an agreement
- schedulePlan of timed events
agreement · contract · interest-free · hold · deposit · commitment · conditions · policy
Periodic partial payment
- downpaymentInitial payment toward purchase
- depositPlace for safekeeping
- balanceSteadiness or amount owed
- dueOwed or expected
remittance · transaction · receipt · cashier · register · arrears · payable · settlement
Maintain in grasp
- storageSpace for keeping goods
- reservationAdvance arrangement to hold
- safekeepingProtective care of possessions
- set-asideReserved for future use
stockroom · backroom · pickup · claim · waiting · retrieval · secured · allocated
State of being purchasable
- savingsAccumulated money kept
- financeProvide money for
- expensesMoney spent on things
- thriftCareful use of resources
frugality · management · allocation · stretch · manageable · accessible · low-income · working-class
store
Retail establishment
- merchandiseCommercial products offered
- shoppingAcquiring goods at retailers
- purchaseGoods obtained for payment
retail · consumer · Kmart · Walmart · checkout · catalog · holiday · Christmas · back-to-school · seasonal
installment
Periodic partial payment
- downpaymentInitial payment toward purchase
- balanceSteadiness or amount owed
- termsConditions of an agreement
schedule · agreement · contract · interest-free · hold · deposit · commitment · conditions · policy · ticket
installment
Periodic partial payment
- downpaymentInitial payment toward purchase
- depositPlace for safekeeping
- balanceSteadiness or amount owed
due · remittance · transaction · receipt · cashier · register · arrears · payable · settlement · fee
hold
Maintain in grasp
- storageSpace for keeping goods
- reservationAdvance arrangement to hold
- safekeepingProtective care of possessions
set-aside · stockroom · backroom · pickup · claim · waiting · retrieval · secured · allocated · earmarked
affordability
State of being purchasable
thrift · frugality · management · allocation · stretch · manageable · accessible · low-income · working-class · debt-free
- informal financecash only, under the table, off the books, handshake deal, verbal agreement
- retailretail sales, Amazon, marketplace, clearance, sale
- shoppingbuying, shopping cart, shop, purchases, sale
- business termsfranchising, revenue stream, board meeting, gross margin, markdown
- Consumer Financecredit, credit cards, credit score, credit scores, credit reports
- fundingfunding, grant, loan, grants, venture capital
layawaycredit
Recognition or payment deferral
buy now pay later · financing · store credit · charge account · Afterpay
layawayinstant gratification
Satisfaction without delay
impulse purchase · impulse buy · impulse buying · grab and go · buy it now