layaway

layaway. An agreement between a retail seller and a consumer to hold goods for future sale. • The seller sets the goods aside and agrees to sell them to the consumer at an agreed price in the future. The consumer deposits with the seller some portion of the price of the goods, and may agree to other conditions with the seller, such as progress payments. The consumer receives the goods once the full purchase price has been paid. [Cases: Sales 24. C.J.S. Sales §§ 41–42.]

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词条贡献者

译员Terris，毕业于国内一流的高级翻译学院，擅长翻译有关文旅和酒店领域的法律文件。