layaway

[ˈleɪəweɪ]

layaway Definition

  • 1a purchasing method that allows a customer to pay for a product over a period of time before taking ownership of it
  • 2the act of putting something aside or postponing it until later

Using layaway: Examples

Take a moment to familiarize yourself with how "layaway" can be used in various situations through the following examples!

  • Example

    I put the TV on layaway and paid it off over six months.

  • Example

    The store offers a layaway program for customers who can't afford to pay for their purchases upfront.

  • Example

    I had to put my vacation plans on layaway until I saved enough money.

layaway Synonyms and Antonyms

Synonyms for layaway

  • reservation
  • installment plan
  • deferred payment
  • down payment

Phrases with layaway

  • to reserve an item for purchase by making a deposit and paying the balance over time

    Example

    I put the dress on layaway and made payments every month until it was paid off.

  • to complete the purchase of an item that has been reserved through a layaway program

    Example

    I finally took the guitar off layaway after making the final payment.

  • a payment plan that allows customers to pay for a product over time before taking ownership of it

    Example

    The store's layaway plan is popular with customers who can't afford to pay for their purchases upfront.

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Summary: layaway in Brief

The term 'layaway' [ˈleɪəweɪ] refers to a purchasing method that allows customers to pay for a product over a period of time before taking ownership of it. It can also refer to the act of putting something aside or postponing it until later. Examples include 'I put the TV on layaway and paid it off over six months,' and 'I had to put my vacation plans on layaway until I saved enough money.' Phrases include 'put something on layaway,' 'take something off layaway,' and 'layaway plan.'