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Definition of “layaway” - English Dictionary

"layaway" in British English

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layawaynoun [U]

uk   /ˈleɪ.ə.weɪ/ us   /ˈleɪ.ə.weɪ/ 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)

"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. a layaway agreement/payment/plan
(Definition of layaway from the Cambridge Business English Dictionary © Cambridge University Press)
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