when a person uses a lay - away plan to purchase an item, the person is\npaying the full cost of the item…

when a person uses a lay - away plan to purchase an item, the person is\npaying the full cost of the item with his credit card.\ntaking a bank loan to pay for the item.\npaying for the item over time and receiving the item when paid in full.\ntaking the item home and then making monthly payments plus interest.

when a person uses a lay - away plan to purchase an item, the person is\npaying the full cost of the item with his credit card.\ntaking a bank loan to pay for the item.\npaying for the item over time and receiving the item when paid in full.\ntaking the item home and then making monthly payments plus interest.

Answer

Answer:

paying for the item over time and receiving the item when paid in full.

Brief Explanations:

A lay - away plan involves making payments over time and getting the item only when fully paid. It's not using a credit card, taking a bank loan, or taking the item home first and paying with interest.