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[ley-uh-wey] /ˈleɪ əˌweɪ/
an article or item purchased through a layaway plan.
1880-85; noun use of verb phrase lay away Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for layaway
  • Music festivals offer fans the option of layaway tickets.
  • For consumers who have credit cards and use them responsibly, paying layaway fees makes little sense.
  • There's historical precedent for such killing on layaway.
  • Many companies have brought back layaway plans for the holiday season.
  • When you use a layaway plan, you pay in full through installments before getting the merchandise.
  • Requires merchants to notify consumers who are about to default on their layaway agreements.
  • For layaway sales, qualified clothing is exempt when final payments are made by customers on items previously placed on layaway.
  • Not only are items bought this weekend included but also items put on layaway during the holiday are eligible for the exemption.
  • layaway purchase plans are designed to help consumers buy items at discount prices.
  • When retailers hold merchandise on a layaway plan at a customer's request, they are performing a service.
Word Origin and History for layaway

1961, as a system of payments for merchandise, from lay (v.) + away. Earlier in the same sense was Australian lay-by (1930).

Online Etymology Dictionary, © 2010 Douglas Harper
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