layaway

[ ley-uh-wey ]
/ ˈleɪ əˌweɪ /

noun

an article or item purchased through a layaway plan.

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anchorite

Origin of layaway

First recorded in 1880–85; noun use of verb phrase lay away
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020