layaway

American  

[ley-uh-wey] / ˈleɪ əˌweɪ /

noun

1. layaway plan.

2. an article or item purchased through a layaway plan.

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Etymology

Origin of layaway

First recorded in 1880–85; noun use of verb phrase lay away

Example Sentences

“It’s a new evolution of a layaway kind of thing,” Murray said.

From MarketWatch

The loans, digital versions of old-time layaway plans, are commonly known as “pay in four” because they’re often advertised as purchases that can be split into four payments over six weeks.

From New York Times

What the neighborhood didn’t know was that my dad only had enough money to buy the track jacket – the matching track pants and shell-toe Adidas shoes were still on layaway.

From Salon

The festival, which was aptly announced on Valentine’s Day, didn’t tout much else beyond the lineup and the layaway plan with a $19.99 down payment.

From Los Angeles Times

On Friday, prosecutor Georgia Cappleman tried poking holes in his story, saying nobody put a gun to Adelman’s head when he gave Magbanua $138,000 in cash and arranged “some kind of layaway plan” for the rest of the payment.

From Seattle Times