layaway definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
- a method of buying in which a deposit is made on something that is then set aside for delivery only after it is paid for in full, as by monthly payments
- the state of an item thus set asidechiefly in in layaway
layaway definition by American Heritage Dictionary
- A payment plan in which a buyer reserves an article of merchandise by placing a deposit with the retailer until the balance is paid in full: bought a suit on layaway.
- An article reserved under such a plan.