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English definition of “layaway”

layaway

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