Search
Select the dictionary language
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.
With the holiday season approaching, the toy store promotes its layaway program, enabling customers to spread out the cost of expensive gifts for their children.
Lexical Tree
layaway
lay
away
