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English definition of “layaway”

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layaway

noun [U] uk   /ˈleɪ.ə.weɪ/ US us  
a system of paying for goods in small amounts and receiving the goods after the full amount has been paid, or goods bought in this way: Could I buy/put the dress on layaway?
(Definition of layaway from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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