Layaway definition

Layaway means a transaction in which merchandise is set aside for future delivery to a customer who makes a deposit, agrees to pay the balance of the purchase price over a period of time, and at the end of the payment period, receives the merchandise. An order is accepted for layaway by the seller when the seller removes the property from normal inventory or clearly identifies the property as sold to the purchaser.
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Layaway means a transaction in which merchandise is set aside for future delivery to a customer
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Layaway refers to, and is, a program wherein Customer purchases a firearm from Amendment Arms Inc. by placing an amount of money in down payment, then paying the remainder of the purchase price by a specific time. “Full Payment” refers to, and is, the entire purchase price, plus all applicable taxes and delivery charges.
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Examples of Layaway in a sentence

  • At the end of the Sale Term, Agent shall transfer responsibility for any remaining items of Layaway, Repair and Special Order Merchandise back to Merchant after appropriate and legally required communications to customers and reconciliation between Agent and Merchant.

  • In the event that Agent is required to issue refunds to customers in respect of Layaway, Repair and Special Order Merchandise, Merchant shall reimburse Agent in cash for all such amounts.

  • If you should wish to modify your original layaway order in any way, such as by substituting one item for another, you are required to enter a new Layaway Agreement which will reflect those changes.

  • Prior to the Layaway Pick-up Date, Agent shall administer all Layaway, Repair and Special Order Merchandise in accordance with the documents and agreements relating thereto, provisions of applicable law, and Merchant's historic policies provided to Agent in writing.

  • Reserve and Layaway: Forum offers its customers the option of putting lots on reserve for 10 days, with an additional 10-day extension allowed for regular customers.

  • Customer must provide at least $20.00 down payment to qualify for Layaway.

  • Subject to applicable law, any Layaway, Repair and Special Order Merchandise unclaimed by customers by the Layaway Pick-up Date shall be included in Merchandise and the Guaranteed Amount shall be adjusted to account for such items in the manner prescribed for Returned Merchandise in Section 8.5 above.

  • Subject to any written agreement with customers and to applicable law, any Layaway, Repair and Special Order Merchandise unclaimed by customers or not removed by the Merchant from the Stores by the Layaway Pick-up Date shall be included in Merchandise and the Guaranteed Amount shall be adjusted to account for such items in the manner prescribed for Returned Merchandise in Section 8.5 above.

  • Any amounts paid for Layaway, Repair and Special Order Merchandise on or before the close of business on the Layaway Pick-up Date shall be for the sole account of Merchant.

  • Effective Date: 08/10/2021 Supersedes:05/22/2019 WSBC store personnel are not allowed to create Lay-a-way or COD transactions.


More Definitions of Layaway

Layaway. Repair, and Special Order Merchandise" means all items of Merchandise held at the Stores on layaway or for repair, or customer-specific special orders, in each case pursuant to binding agreements, invoices or other legal documentation, where (A) the documentation is clear as to the name, address, telephone number, date of last payment and balance due from the customer, and (B) the goods subject to layaway are fully described in the documentation.
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Related to Layaway

  • Ticket means either a paper or electronic document issued by or on behalf of the carrier which includes the passenger’s flight coupons. The ticket serves as evidence of payment of air fare and constitutes for the passenger proof of their contract of carriage. It also has detailed information to ensure proper processing and handling. In instances where a ticket exists as an electronic document, the carrier issues to the passenger, as proof of purchase, an itinerary/receipt.

  • Tickets means a ticket, voucher or other form of pass issued by FOHES permitting access to the Facility during the Event Period;

  • Traveler s check” means an instrument that is payable on demand, is drawn on or payable at or through a bank, is designated by the term “traveler's check” or by a substantially similar term, and requires, as a condition to payment, a countersignature by a person whose specimen signature appears on the instrument.

  • POS means point of sale.

  • Retail marijuana store means an entity licensed to purchase marijuana from marijuana cultivation facilities and marijuana and marijuana products from marijuana product manufacturing facilities and to sell marijuana and marijuana products to consumers.