Okuzeka
Sales & Retail vocabulary · Retail Store & Customers

Layaway

Meaning in sales & retail, with examples

nounCommon term

In sales & retail, layaway means: A store arrangement that reserves goods while the customer pays in instalments before taking them home.

In Turkish: ürünü ödeyene kadar mağazada ayırtma

How it is used

Common in US retail; explain payment dates, reservation conditions and when the customer takes possession.

Example sentences

  1. The customer chose layaway and will collect the bicycle after the final payment.

    Possession follows completion of payment in this arrangement.

  2. The store labels layaway goods separately so they are not sold to another shopper.

    Reserved goods must remain distinguishable from stock available for sale.

Common collocations

  • layaway plan
  • buy on layaway
  • payment termsThe conditions agreed for paying an invoice, such as how many days the buyer has to pay, any deposit and any discount for early payment.
  • stockroomA room at the back of a shop where extra goods are kept until they are needed on the sales floor.

More terms: Retail Store & Customers

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