Layaway

usgb/ˈleɪəˌweɪ/
noun

A payment plan that allows customers to reserve an item by making a deposit and paying the balance in installments before taking the item home.

I put the new television on layaway so I can pay for it over the next few months.
Visual representation of "layaway" - A payment plan that allows customers to reserve an item by making a deposit and paying the balance in installments before taking the item home.

Usage tips

Neutral

layaway plan, layaway item, layaway purchase

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Visual representation of "layaway"
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Understanding Payments

Know that layaway requires a series of payments before possession of items.

Illustration for Understanding Payments
Many stores offer layaway plans.
Visual representation of the word "Layaway"

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