From Longman Dictionary of Contemporary Englishlayawaylay‧a‧way /ˈleɪəweɪ/ noun [uncountable] American EnglishBBTBUY a method of buying goods in which you give the seller of the goods a small amount of money to keep the goods until you can pay the full price I put the dress on layaway. —layaway adjective
Examples from the Corpus
layaway• They entered the nearby Golden Nugget, ostensibly to put a rifle on layaway.From Longman Business Dictionarylayawaylay‧a‧way /ˈleɪəweɪ/ noun [uncountable] American EnglishCOMMERCE a method of buying goods in which the buyer makes a first payment that is a percentage of the price and the goods are kept by the seller until the full price is paidJerry bought some furniture on a layaway plan.I put a sofa bed on layaway at the K Mart in Santa Clara. 