Layaway meaning
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.
noun
An article reserved under such a plan.
noun
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.
noun
The state of an item thus set aside.
noun
Things which have had a deposit placed on them and which the owner (generally a store) has agreed to hold for the customer and accept full payment at a later time.
noun
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The system of accepting a deposit and holding for a customer to complete purchase.
noun