Examples of layaway in a Sentence
We bought the table and chairs on layaway, so we won't have them until December.
The store offers a layaway plan for large purchases.
Recent Examples of layaway from the Web
Marcus Morris of the Celtics and Markieff Morris of the Wizards decided to pay off the remaining balance for gifts put on layaway at a Northeast Philadelphia Walmart, according to ABC 11.
Shoppers can put items as low as $10 on layaway with a $50 minimum basket.
A few days ago, McGraw’s mom went to a local Walmart and paid off $5,000 worth of jewelry layaway and gave out cash to customers on the couple’s behalf.
Walmart is also bringing back its layaway program through Dec. 11, as well as its Holiday Helpers - associates dedicated to assisting customers.
Store layaway, subprime credit cards and bad-credit personal loans all give you time to pay off the purchase at APRs below 36 percent.
In essence, the airline is now allowing people to book their plane tickets on layaway.
According to Tulsa World, an anonymous good person paid off all of the layaway balances for 124 families at a Tulsa, Oklahoma, Walmart.
Clothing or footwear under $100 put on layaway is also tax-free.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'layaway.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of layaway
Definition of lay away
Examples of lay away in a Sentence
the weather forecast warned of a severe storm, so we laid away a generous supply of bottled water and canned food just in case
First Known Use of lay away
lay away Synonyms
Financial Definition of LAYAWAY
What It Is
Layaway is an arrangement in which a retailer agrees to reserves a piece of merchandise for a customer who cannot immediately pay for it in full.
How It Works
Layaway is a delayed payment method. A customer deposits a fraction of an item's price, and then the retailer stores the item for a specific period of time. The customer must pay for the item within an agreed time frame or else the retailer will put it back on the shelves for other customers.
For example, let's assume Bob wants to buy a $50 food processor Big Store, but does not have enough money. Bob decides to use Big Store's layaway plan, instead. He deposits $10 with Big Store and they agree to hold the item for 10 days. Bob has 10 days to pay the remaining $40, and if he doesn't, Big Store will put the food processor back on the sales floor.
Why It Matters
Layaway plans are good options for customers who don't have access to credit or who don't want to use credit. After falling out of vogue for many years, some stores are bringing layaway plans back as a way to attract cash-strapped consumers.
LAYAWAY Defined for English Language Learners
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