Credit card terms and glossary - Layaway


	CreditCardGuide > Glossary > Layaway Credit Card Glossary Puzzled by credit card jargon? Browse the CreditCardGuide.com glossary for the definitions of common and confusing credit card terms. All 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Layaway A type of purchase in which the buyer makes a down payment on merchandise that the seller then puts on hold (or "lays away"). The buyer makes regular payments (often weekly) until the merchandise is fully paid. Only then does the buyer take possession of the goods.

Layaway