Definition of “layaway” - English Dictionary

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“layaway” in British English

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(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 /ˈleɪəweɪ/ us 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.

(Definition of “layaway” from the Cambridge Business English Dictionary © Cambridge University Press)