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layaway

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noun lay·away \ˈlā-ə-ˌwā\

Simple Definition of layaway

  • : a way of buying something in which you do not receive the thing you are buying until you have paid the full price by making small payments over a period of time

Source: Merriam-Webster's Learner's Dictionary

Full Definition of layaway

  1. :  a purchasing agreement by which a retailer agrees to hold merchandise secured by a deposit until the price is paid in full by the customer

Examples of layaway in a sentence

  1. We bought the table and chairs on layaway, so we won't have them until December.

  2. The store offers a layaway plan for large purchases.



1944

First Known Use of layaway

1944


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