layaway

noun
lay·​away | \ ˈlā-ə-ˌwā How to pronounce layaway (audio) \

Definition of layaway

 (Entry 1 of 2)

: 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

lay away

verb
laid away; laying away; lays away

Definition of lay away (Entry 2 of 2)

transitive verb

: to put aside for future use or delivery

Examples of layaway in a Sentence

Noun 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. Verb the weather forecast warned of a severe storm, so we laid away a generous supply of bottled water and canned food just in case
Recent Examples on the Web: Noun Klarna pioneered a digital rebrand of layaway plans, which allow shoppers to spread the cost of purchases over weeks or months, as buy now, pay later. Iain Martin, Forbes, 28 May 2022 Just a couple weeks ago, a box full of several pairs of cleats showed up unannounced at Westwood, compliments of Mack, who also has done things such as pay off all the layaway bills at the local Walmart around Christmastime. Los Angeles Times, 26 July 2022 The mobile layaway payments provide them with all-important privacy and flexibility. Myagro, Forbes, 8 June 2022 The lending practice is similar to layaway and credit card services. Nate Dicamillo, Quartz, 7 June 2022 Fans can secure any ticket type on layaway for a $9.95 deposit. Rania Aniftos, Billboard, 3 May 2022 The lowest option for layaway deposits will be available for three days only and ends May 8 at 11:59pm PT. Rania Aniftos, Billboard, 3 May 2022 Part of its success was due to its early adoption of layaway programs, which allowed customers who lacked credit to reserve items and pay for them in installments. CBS News, 12 Apr. 2022 Part of its success was due to its early adoption of layaway programs, which allowed customers who lacked credit to reserve items and pay for them in installments. NBC News, 12 Apr. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'layaway.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of layaway

Noun

1944, in the meaning defined above

Verb

circa 1928, in the meaning defined above

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Time Traveler for layaway

Time Traveler

The first known use of layaway was circa 1928

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Dictionary Entries Near layaway

lay a/the foundation

layaway

lay away

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Statistics for layaway

Last Updated

19 Aug 2022

Cite this Entry

“Layaway.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/layaway. Accessed 4 Oct. 2022.

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