Meaning of the word layaway in English

What does layaway mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

layaway

US /ˈleɪ.ə.weɪ/
UK /ˈleɪ.ə.weɪ/
"layaway" picture

Noun

1.

a system of paying for goods in installments while the store holds the goods until full payment is made

Example:
She bought the new television on layaway.
Many stores offer layaway plans during the holiday season.
Learn This Word at Lingoland