Purchase payment plan

• Department-store plan
• Department-store plan, perhaps
• Purchase plan
• Shopper's plan
• Buying plan with a down payment
• Retail purchase plan

Longman Dictionary of Contemporary English Word definitions in Longman Dictionary of Contemporary English
noun EXAMPLES FROM CORPUS ▪ They entered the nearby Golden Nugget, ostensibly to put a rifle on layaway .

Wikipedia Word definitions in Wikipedia
Layaway ( lay-by in Australia, New Zealand) is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay for that item. Rather than taking the item home and then repaying the debt on ...

Wiktionary Word definitions in Wiktionary
n. 1 Things which have had a deposit placed on them and which the owner (generally a store) has agreed to hold for the customer and accept full payment at a later time. 2 The system of accepting a deposit and holding for a customer to complete purchase. ...