layaway
lay
ˈleɪ
lei
a
ə
ē
way
ˌweɪ
vei
/lˈeɪəwˌeɪ/

Definition & Meaning of "layaway"in English

Layaway
01

a purchasing contract by which a retailer agrees to hold merchandise secured by a deposit until the price is paid in full by the customer

Examples
The furniture store offers a layaway plan, allowing customers to reserve a sofa or bed and pay for it gradually over several months.
LanGeek
Download LanGeek app
langeek application

Download Mobile App

App Store