Reserve Purchasing

1 Posts
1 Sections
1 Types

August 31, 2024 4 min read Definitions

Finance Retail Consumer Behavior Layaway Payment Methods Reserve Purchasing Retail Finance Consumer Credit

Layaway is a purchasing method where buyers can reserve a product by placing it on hold and make incremental payments until it is fully paid. This method allows consumers to pay for goods over time without taking possession until full payment is made.

Read more about Layaway: A Method of Reserve Purchasing.