noun
- a purchasing system where a customer pays for an item in installments and receives it only after full payment
Usage: retail
Examples
- She put the dress on layaway and paid for it over three months.
- The store offers a layaway program for expensive items.
- I used layaway to buy Christmas gifts throughout the year.
- The layaway policy requires a 20% down payment.
- Many retailers have brought back layaway programs.
- He picked up his jacket from layaway after making the final payment.