A method of buying merchandise by placing the item on hold and paying for it in installments. The seller holds the item until payment in full is made. Most retailers had phased out their layaway plans because of the growing use of credit cards, but the recession and ongoing financial crisis revived them. Plans generally require a down payment of 10% to 25% and include service fees. For example, Sears’ 8-week plan requires a $21 down payment on a $100 purchase and four payments of $21 each, for a total of $105. Its 12-week payment plan, available on purchases of $400 or more, requires an $82 down payment on a $400 item and six payments of $55 each, for a total of $410. Sometimes stores waive or refund the fees, as several (Kmart, Toys R Us, Babies R Us, Walmart) did for the 2012 holiday season.