What term is used to describe a type of purchasing arrangement where a seller holds an item for the buyer and allows the buyer to pay it off in a series of payments?

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asked Dec 4, 2021 78.7k views

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What term is used to describe a type of purchasing arrangement where a seller holds an item for the buyer and allows the buyer to pay it off in a series of payments?

Business
high-school

Naveed Abbas asked

by Naveed Abbas

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1 Answer

1 vote

Answer:

Layaway

Step-by-step explanation:

A system of paying a deposit to secure an item for later purchase.

Myz answered Dec 11, 2021

by Myz

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Layaway

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