Definitions for "layaway sale"
a sale where a retailer sets aside an item for future delivery to a customer who makes a deposit and agrees to pay the balance of the sales price before taking delivery or possession of the item
a sale where merchandise is set aside for future delivery to a customer who makes a deposit and agrees to pay the balance of the purchase price over a period of time before the merchandise is delivered
a transaction in which a seller agrees to hold property for a purchaser conditioned on payment by the purchaser of the agreed sales price in a series of deposits to be made within a specific period of time