Definition of layaway
: 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
We bought the table and chairs on layaway, so we won't have them until December.
The store offers a layaway plan for large purchases.
First Known Use of layaway
LAYAWAY Defined for English Language Learners
Definition of layaway for English Language Learners
: 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
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