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I believe they don't secure the product until the initial 20% is received. Once they get that the secure the product for you. So as long as you made the minimum payment to secure the product you should be good.
There are two separate Bud's services in play here. If you place a standard item on layaway AND make the 20% down payment immediately then the item is pulled and the price reserved at the layaway price. It will not "sell out" on your order. If you don't make the 20% immediately then the item can sale out as you really haven't made the purchase yet until the 20% deposit is paid. To be clear Bud's policy states: Upon receipt of your non refundable 20% deposit (personal check, bank check, money order or credit card), we will secure your firearms(s) from our inventory..." The other situation is on a "reserve" gun. You can order (reserve) an out of stock item (if eligible) and make payments on the gun while waiting for its return to stock.