Layaway meaning

lā'ə-wā'
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.

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An article reserved under such a plan.
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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.
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The state of an item thus set aside.
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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.
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The system of accepting a deposit and holding for a customer to complete purchase.
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To place items on hold with a deposit at a merchant's.
verb
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