Payment plan

• Department-store plan, perhaps
• Certain payment plan
• Alternative to immediate purchase
• Retail purchase plan
• Buying plan with a down payment
• Purchase payment plan
• Reserve for Christmas, perhaps
• "Buy now, pay later" option
• Purchasing option

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 ...