layaway definition

  • noun:
    • A payment plan for which a buyer reserves articles of product by putting a deposit with the merchant before the balance is paid in full: bought a suit on layaway.
    • articles reserved under such an agenda.
    • Things which have experienced a deposit positioned on all of them and that the owner (typically a shop) has actually decided to hold the client and accept full repayment later.
    • the device of accepting a deposit and keeping for an individual to perform buy.
  • verb:
    • to put items on hold with a deposit at a merchant's.

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