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layaway (plural layaways)

  1. Things which have had a deposit placed on them and which the owner (generally a store) has agreed to hold for the customer and accept full payment at a later time.
  2. The system of accepting a deposit and holding for a customer to complete purchase.


layaway (third-person singular simple present layaways, present participle layawaying, simple past and past participle layawayed)

  1. To place items on hold with a deposit at a merchant's.