layaway Meaning in the Cambridge English Dictionary
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Meaning of “layaway” in the English Dictionary

"layaway" in British English

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layawaynoun [U]

uk   us   /ˈleɪ.ə.weɪ/ US
a ​system of ​paying for ​goods in ​smallamounts and ​receiving the ​goods after the ​fullamount has been ​paid, or ​goodsbought in this way: Could I buy/put the ​dress on layaway?
(Definition of layaway from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"layaway" in Business English

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layawaynoun [U]

uk   us   /ˈleɪəweɪ/ US COMMERCE
a ​method of ​buyinggoods in which a large deposit (= ​payment of ​part of the ​total) is made so that a ​store will ​keep the ​goods until the ​fullprice can be ​paid: put sth on layaway She put a couch on layaway. a layaway ​agreement/​payment/​plan
(Definition of layaway from the Cambridge Business English Dictionary © Cambridge University Press)
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