Enlighten me... What is a layaway??

[iqaganda]

Sorry.. I don't know the meaning of layaway... What does it mean by the way??

TIA!

 

[indiaink]

When you make a minimum payment on something and the seller then puts it aside for you. Thereafter, you make regular payments as determined by the seller until the item is paid for. This used to be a popular option with K-Mart merchandise, but they no longer offer 'layaway'.

 

[iqaganda]

So.. You still don't get to get your purchase, right? Not after you fully paid the item... Is it?

 

[indiaink]

Right.

 

[iqaganda]

Oh... Now I understand! Thanks!