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Home > QFINANCE Dictionary > Definition of lay-away

Definition of

lay-away

Finance

paying for product in installments before taking ownership the reservation of an article for purchase by the payment of an initial deposit followed by regular interest-free installments, on completion of which the article is claimed by the buyer

Definitions of ’lay-away’ and meaning of ’lay-away’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’lay-away’ and other financial terms with our online QFINANCE Financial Dictionary.

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